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

[Rupert_Baehr]

Most people in the UK (and in many other countries) seem to be quite willing to help people who need help and can't help themselves.

 

There aren't so many who are so keen to help people who need help but can't be bothered to help themselves.

 

If those who were able to work but are unemployable bacause they lack skills and/or education, are too lazy to get those skills/education, or are not prepared to work because they don't like the job, or don't like the pay were to do something about it then not only would they cease to be a burden on society (which would free up money) but they too might be able to contribute (albeit modestly) to helping those who really need help.

[Cyclone]

You avoid tax by not smoking,driving and drinking;would you assert this is immoral?

 

It's okay, I'm doing my bit by drinking and driving, although not at the same time.

[INTERVIEWER]

For somebody on a very low income, say £6.10 per hour, it is entirely ineffectual in putting any money whatsoever into a private pension scheme. Even over an entire working lifetime (on low wages) it will only save the state a tiny amount of money. And why should a low paid worker impoverish themselves even further by contributing to something that they will eventually receive in full because they are disadvantaged?

 

Let's face facts. Low paid employee's simply can't afford to contribute towards their pension. Employer's that pay poverty wages should bear this in mind - their greed deprives the worker of a private pension and places a financial burden upon every taxpayer.

[INTERVIEWER]

It should be noted that private pensions are to become compulsory for all workers (except the self employed) from 2012. Companies will have to pay in a minimum of 1% of every worker's salary into a pension scheme, rising to 3% by 2017.

 

Workers will also have to pay in a portion of their salary, phased in over five years, starting at 1% of pay and rising to 4% by 2017. Every employer, large and small, will have to participate. The level of earnings at which employees will be enrolled will be at £7,475 (the personal tax free allowance for income tax from April 2011).

 

The low paid will be unable to afford a 4% reduction in their take-home pay. So they will opt out. And the ConDem government is creating a universal flat rate pension of £140 a week per person (in today's terms) for 2015. Every UK citizen of a certain age will be able to claim it - whether they have paid into the system for forty years or not at all.

[ricgem2002]

It should be noted that private pensions are to become compulsory for all workers (except the self employed) from 2012. Companies will have to pay in a minimum of 1% of every worker's salary into a pension scheme, rising to 3% by 2017.

 

Workers will also have to pay in a portion of their salary, phased in over five years, starting at 1% of pay and rising to 4% by 2017. Every employer, large and small, will have to participate. The level of earnings at which employees will be enrolled will be at £7,475 (the personal tax free allowance for income tax from April 2011).

 

The low paid will be unable to afford a 4% reduction in their take-home pay. So they will opt out. And the ConDem government is creating a universal flat rate pension of £140 a week per person (in today's terms) for 2015. Every UK citizen of a certain age will be able to claim it - whether they have paid into the system for forty years or not at all.

i ber cyclones cashing in his pension this very minute :hihi: