I1L2T3 Posted August 17, 2011 Share Posted August 17, 2011 Blinkered or what. Because you are avoiding tax by paying into that plan. Is it okay for you, but not for anyone else? Or is it just that you'll decide which ways of reducing your tax burden are acceptable and which are not? Your argument is defective. Most people save into their pension because they are saving for a pension. They are not doing it to avoid tax - the tax avoidance in itself is not the key reason for doing it. Link to comment Share on other sites More sharing options...
Cyclone Posted August 17, 2011 Share Posted August 17, 2011 You don't, you avoid some tax by paying into a pension. You've said as much already. Or if you disagree and think you do pay the correct amount of tax, then I do the same, the correct amount being that which the rules say we must both pay. Your argument that there is some sort of "natural" amount that we should pay is nonsensical, we both pay what we can legally get away with paying, you don't contribute extra (you've denied it several times when asked) and neither do I. So what exactly is your objection to small business owners taking dividends? They're hardly fiddling the system are they! Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 17, 2011 Share Posted August 17, 2011 It's exactly what you're doing though..you'rre taking advantage of a tax vehicle to increase your pension...why is it OK for you to do it and not other people? Anybody can. The government wants us to. Now why does that make it immoral for me to use the NHS? Link to comment Share on other sites More sharing options...
truman Posted August 17, 2011 Share Posted August 17, 2011 Your argument is defective. Most people save into their pension because they are saving for a pension. They are not doing it to avoid tax - the tax avoidance in itself is not the key reason for doing it. Why don't people just pay into a savings account then..? They could pick an ethical one if they wanted.. Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 17, 2011 Share Posted August 17, 2011 You don't, you avoid some tax by paying into a pension. You've said as much already. Or if you disagree and think you do pay the correct amount of tax, then I do the same, the correct amount being that which the rules say we must both pay. Your argument that there is some sort of "natural" amount that we should pay is nonsensical, we both pay what we can legally get away with paying, you don't contribute extra (you've denied it several times when asked) and neither do I. So what exactly is your objection to small business owners taking dividends? They're hardly fiddling the system are they! No, I pay my income tax and use the tax system the way it was intended to be used. You deliberately seek to avoid paying your fair share. Link to comment Share on other sites More sharing options...
truman Posted August 17, 2011 Share Posted August 17, 2011 Anybody can. The government wants us to. Now why does that make it immoral for me to use the NHS? You need to read my posts I'm not repeating myself again..you're losing this one... Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 17, 2011 Share Posted August 17, 2011 Why don't people just pay into a savings account then..? They could pick an ethical one if they wanted.. Some people do that. I kind of do that with the money I chose not to put into my corporate pension. Link to comment Share on other sites More sharing options...
Cyclone Posted August 17, 2011 Share Posted August 17, 2011 One is a virtuous means of tax avoidance encouraged by the government and not necessarily done in an attempt to avoid tax. The other is deliberately done to avoid tax. The first one is pensions savings by the way Lol, I should get the popcorn, it could be a long afternoon trying to explain the blindingly obvious to you, as you're convinced that what you do is okay and what someone else does is not. There is no logic behind your argument, it's just a statement. According to you; Pension = valid Dividends = avoidance In reality they're both 'encouraged' by the government, the government passed the laws that made them both possible, the government set the rules on how they would be taxed. Neither is some sort of loophole that is being exploited. It just so happens that dividends mean paying a lower overall % than PAYE, and because you've decided that you pay the "correct" amount you declare that dividends must be wrong. Link to comment Share on other sites More sharing options...
truman Posted August 17, 2011 Share Posted August 17, 2011 Some people do that. I kind of do that with the money I chose not to put into my corporate pension. But you're happy to get the tax break on your pension contributions? Why do you bother with it..the pension I mean.. Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 17, 2011 Share Posted August 17, 2011 You need to read my posts I'm not repeating myself again..you're losing this one... No I'm not. You still haven't explained it. To take your argument to it's logical conclusion it would be immoral for anybody who bought VAT-free clothes for their kids to use the NHS. Your argument is nonsense. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.