- Feb 22, 2014
- 2,753
Everyone gets higher pensions than us!And they get higher pensions than us.
Everyone gets higher pensions than us!And they get higher pensions than us.
not sure, but isn’t their tax about 50%?And they get higher pensions than us.
And they get higher pensions than us.
I agree but apparently there rates of Tax are a lot higher than ours I've been told.Gotta hand it to the French. They are striking over there because their Government want to increase the retirement age to 64! I do admire them.
Taxes are similar, but they pay much higher ‘social welfare’ contributions - which funds the more generous pensions.I agree but apparently there rates of Tax are a lot higher than ours I've been told.
That’s right, it’s been widely covered for a long time. The Mercer Global Pension Index includes that aspect as Sustainability. Many ageing populations don’t have the demographics and resulting tax revenues in years to come to finance purely state pensions eg Italy, Spain and Austria.I read an article in the economist about 10years ago on the state of pensions by country. The uk has the second biggest private pension fund total value in the world (behind the USA). The reliance of the likes of Germany / France / Italy has is frighteningly low. they are going to be so reliant on the state there economies could be in trouble. i can’t find the article but the oecd results says we have $3.2 trillion ( 118.5% of gdp). in comparison Germany 330bn (8.1% of gdp) France $72bn, (2.6% of gdp), Italy $ 198bn (9.8%), only really the Dutch are in a good position of the Euro countries.
so unless France raises the age, or taxes it’s economy to death it is in serious trouble. Like a lot of things has the French government actually explained this to the French people
£https://www.oecd.org/finance/private-pensions/Pension-Funds-in-Figures-2021.pdf
Its always the same. Everyone always envies countries with better social support but then selfishness kicks in at election time and most people refuse to vote for higher taxes.not sure, but isn’t their tax about 50%?
you can afford much more if tax is much more
Phew. We're all saved. Thanks JeremySome good news for the top 5% of earners. An extra cruise looks possible ...
Budget: Pensions to get boost as tax-free limit to rise
Persuading workers to work longer is part of plans to boost growth, but critics say very few will benefit.www.bbc.co.uk
You literally couldn't make it up. Would be unbelievable.Some good news for the top 5% of earners. An extra cruise looks possible ...
Budget: Pensions to get boost as tax-free limit to rise
Persuading workers to work longer is part of plans to boost growth, but critics say very few will benefit.www.bbc.co.uk
So that's another 800k the rich can leave with zero inheritance tax. We need a friggin revolution in this country....You literally couldn't make it up. Would be unbelievable.
So that's another 800k the rich can leave with zero inheritance tax. We need a friggin revolution in this country....
A more interesting take away from that article for me is that MPAA is set to be raised from £4K per year to £10K per year.Some good news for the top 5% of earners. An extra cruise looks possible ...
Budget: Pensions to get boost as tax-free limit to rise
Persuading workers to work longer is part of plans to boost growth, but critics say very few will benefit.www.bbc.co.uk
They really don't live in the real world do they! They are talking about this will get people back to work. But with pension pots this size you are basically a millionaire. It's not ordinary people at all!Some good news for the top 5% of earners. An extra cruise looks possible ...
Budget: Pensions to get boost as tax-free limit to rise
Persuading workers to work longer is part of plans to boost growth, but critics say very few will benefit.www.bbc.co.uk
isn’t that the truth.Its always the same. Everyone always envies countries with better social support but then selfishness kicks in at election time and most people refuse to vote for higher taxes.