Article

2022-11-08 Britain

Perfidious Albion To Announce A Stealth Tax Raid On Pensions

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Posted by Besoeker 2022-11-08 06:07|| E-Mail|| Front Page|| [11131 views ] Top

#1 £1,073,100

Your lifetime allowance (LTA) is the maximum amount you can draw from pensions (workplace or personal) in your lifetime without paying extra tax. This figure is currently £1,073,100. Read on to find out more about how this lifetime pension limit may affect you, so you don't face an unexpected tax charge in 2021

More found at this Lifetime Allowance link

Posted by Besoeker 2022-11-08 06:14|| 2022-11-08 06:14|| Front Page Top

#2 This is the UK where early pension taking is outside the norm.

But in the USA there are a substantial number of people drawing pensions starting in their 50s, although in many cases the pensions start as a percentage of final pensions.

Illinois alone has over 20k ex govt (State and Muni) employees drawing over 100k in pensions.

Posted by Lord Garth 2022-11-08 08:39|| 2022-11-08 08:39|| Front Page Top

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