Putting money into your pension and ISA is immoral and anti-social

[Cyclone]

You heard me.

It's tax avoidance. You don't pay tax on the interest you earn on your ISA or any tax on the pension investment.

You're practically stealing from the mouths of babies, the sick and the elderly (although it's okay with them as they've got immoral pensions as well).

 

At least that's the socialist line being spouted in another thread.

 

So, who's going to stop saving for retirement and give it to the government instead, the socialists (or are they communists) say it's the right thing to do.

 

Won't somebody think of the children?

[chem1st]

Do you think it is good for wider society?

[Flowersfade]

OK cyclone I'm giving up all my money to the Govt now.Perhaps the politicians can all buy moats now.

[Kaimani]

You heard me.

It's tax avoidance. You don't pay tax on the interest you earn on your ISA or any tax on the pension investment.

You're practically stealing from the mouths of babies, the sick and the elderly (although it's okay with them as they've got immoral pensions as well).

 

At least that's the socialist line being spouted in another thread.

 

So, who's going to stop saving for retirement and give it to the government instead, the socialists (or are they communists) say it's the right thing to do.

 

Won't somebody think of the children?

 

which thread was that?

[Mecky]

Wish I got paid enough to put something away each month

[vinyl]

I know someone who had their car converted to running on LPG and thereby avoiding around 30p tax on every litre of fuel consumed.

 

These people should be shot.

[Rupert_Baehr]

OK cyclone I'm giving up all my money to the Govt now.Perhaps the politicians can all buy moats now.

 

Oh no, that's not the idea at all!

 

What you're supposed to do is spend every penny you've got and when you've done that, borrow some more money and spend that too.

 

Then, when you get old, the government will have to provide you with (free) sheltered housing, free meals on wheels and some free money.

 

Spend all that and when you eventually die, the government can pay for your funeral too.

 

Don't even think about saving money to support yourself!

[Kaimani]

I know someone who had their car converted to running on LPG and thereby avoiding around 30p tax on every litre of fuel consumed.

 

These people should be shot.

 

gotta love the dedication though.

[taxman]

Cyclone doesn't see that there is a world of difference between putting a little bit of money away each month for a pension, or into an ISA and funneling millions of pounds offshore, paying yourself in non existent platinum sponge or pretending that your wife owns your company so you can avoid tax on a billion pound dividend.

 

He'll be claiming next that not going for a pint deprives the exchequer of duty and VAT and is therefore the same as billion £ tax avoidance.

[Cliff Clavin]

You heard me.

It's tax avoidance. You don't pay tax on the interest you earn on your ISA or any tax on the pension investment.

You're practically stealing from the mouths of babies, the sick and the elderly (although it's okay with them as they've got immoral pensions as well).

 

At least that's the socialist line being spouted in another thread.

 

So, who's going to stop saving for retirement and give it to the government instead, the socialists (or are they communists) say it's the right thing to do.

 

Won't somebody think of the children?

 

 

I'd be certainly quite happy to give up a little more if it helps those less fortunate as me so long as the rich and super rich pay their fairshare, like I've already stated in another thread.

 

It's the rich and super rich who shout about poverty etc. but they are the ones more likely to be tax dodging wether legally or illegally and the money they dodge mounts up to some serious figures.