UK Pensions

Ivor the Engine said:
www.express.co.uk

State pension rise to be highest in decade as inflation hits four perc

STATE pension payments are expected to rise by the highest amount in a decade according to analysis of Bank of England predictions and Government research. Rising inflation will see pensioners get record breaking payment boosts, even though the triple lock is being temporarily scrapped.
www.express.co.uk www.express.co.uk
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It will not rise by one single penny for those already drawing a state pension and living in Thailand (and several other countries around the world). Our pensions are frozen.:mad::mad::mad:
 
Ivor the Engine said:
www.express.co.uk

Rishi Sunak plots 55% pension tax attack – destroy retirement

PENSIONERS could face a punitive 55 per cent tax charge on their retirement savings if Chancellor Rishi Sunak launches a fresh tax attack in his Autumn Budget this month. Experts warn savers will hand over more of their nest egg: "This is horrific."
www.express.co.uk www.express.co.uk
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More sensationalist bullshit from The Express.

IF.... this should happen......the closing paragraphs:-

"Now tax experts fears he will cut the lifetime allowance again, to £900,000 or even as low as £800,000. The lower it goes, the more people will get caught out.

Although the numbers affected will be low at first they will rise over time and future Chancellers could continue to cut the allowance until millions have to pay punitive tax rates on their hard-earned savings".

They can't even fookin spell 'chancellor'
 
CO-CO said:
More sensationalist bullshit from The Express.

IF.... this should happen......the closing paragraphs:-

"Now tax experts fears he will cut the lifetime allowance again, to £900,000 or even as low as £800,000. The lower it goes, the more people will get caught out.

Although the numbers affected will be low at first they will rise over time and future Chancellers could continue to cut the allowance until millions have to pay punitive tax rates on their hard-earned savings".

They can't even fookin spell 'chancellor'
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Chancellor??????????? In many/most countries the position is known as Finance Minister! Call it what it is.
 
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Prakhonchai Nick said:
Chancellor??????????? In many/most countries the position is known as Finance Minister! Call it what it is.
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Chancellor of the Exchequer is what it is.

The chancellor of the Exchequer,[a] often abbreviated to the chancellor,[1] is the second highest high-ranking minister of the Crown within the Government of the United Kingdom after the prime minister, and head of Her Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high level member of the British Cabinet and is third in the ministerial ranking, behind the prime minister and deputy prime minister.[2]

Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six Lords Commissioners of the Treasury, responsible for executing the office of the Lord High Treasurer – the others are the Prime Minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the Lord Chief Justice of the King's Bench would act as chancellor pro tempore.[3] The last Lord Chief Justice to serve in this way was Lord Denman in 1834.

The chancellor is the third-oldest major state office in English and British history, and in recent times has come to be the most powerful office in British politics after the prime minister. They originally carried responsibility for the Exchequer, the medieval English institution for the collection and auditing of royal revenues. The earliest surviving records which are the results of the exchequer's audit, date from 1129–30 under King Henry I and show continuity from previous years.[4] The chancellor has oversight of fiscal policy, therefore of taxation and public spending across Government departments. It previously controlled monetary policy as well until 1997, when the Bank of England was granted independent control of its interest rates.

Since 1718, all chancellors of the exchequer, except at times the lord chief justice as interim holders, have been members of the House of Commons with Lord Stanhope being the last chancellor from the House of Lords.
 
CO-CO said:
Chancellor of the Exchequer is what it is.

The chancellor of the Exchequer,[a] often abbreviated to the chancellor,[1] is the second highest high-ranking minister of the Crown within the Government of the United Kingdom after the prime minister, and head of Her Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high level member of the British Cabinet and is third in the ministerial ranking, behind the prime minister and deputy prime minister.[2]

Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six Lords Commissioners of the Treasury, responsible for executing the office of the Lord High Treasurer – the others are the Prime Minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the Lord Chief Justice of the King's Bench would act as chancellor pro tempore.[3] The last Lord Chief Justice to serve in this way was Lord Denman in 1834.

The chancellor is the third-oldest major state office in English and British history, and in recent times has come to be the most powerful office in British politics after the prime minister. They originally carried responsibility for the Exchequer, the medieval English institution for the collection and auditing of royal revenues. The earliest surviving records which are the results of the exchequer's audit, date from 1129–30 under King Henry I and show continuity from previous years.[4] The chancellor has oversight of fiscal policy, therefore of taxation and public spending across Government departments. It previously controlled monetary policy as well until 1997, when the Bank of England was granted independent control of its interest rates.

Since 1718, all chancellors of the exchequer, except at times the lord chief justice as interim holders, have been members of the House of Commons with Lord Stanhope being the last chancellor from the House of Lords.
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And they used to fight wars with spears once. But changes are made to suit the times.
 
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