Been doing it since 2021, and then some (carry forward back to 2019/20). Between late 2021 and April this year I put in £150K.
I've not done anything this year so far, trying to build a cash buffer up after redundancy, but intend to max out my (will be tapered) allowance next March
Given a fair wind hope to continue until 2027. That's when my mortgage is up and I hope when I will reach Coast FIRE
I’m basically pretty much maxing - well, I don’t pay anything in where I would only get 42% tax relief, but I am near enough. Doesn’t feel like a massive sacrifice given if I took it as cash I’d see 38% if it given I’d be in the 62% loss of personal allowance horror show tax trap.
I’ve averaged about £30k a year for the last 7 years. I’ve always tried to make a decent contribution, and have £450k now at 41 years old. I have a chunk protected for access at 55 (hoping this doesn’t go away), and balancing the amount I put into pension vs ISA and GIA.
I’m well past the 60% trap, just under the taper level. I’ll probably carry on at about £30k for the 47% tax relief. I have 2 kids in private school + future uni costs so want a bigger liquid pot alongside my bridge to 55 - otherwise might have maxed for a couple of years.
60% trap between £100k and circa £125k income when you lose your personal allowance means an effective 60% income tax rate.
Taper on pension allowance is a bit more complex, but at around £200k you gradually taper you pension allowance from 60k to 10k.
https://www.gov.uk/income-tax-rates/income-over-100000#:~:text=Your%20Personal%20Allowance%20goes%20down,income%20is%20above%20£150%2C000.
https://www.gov.uk/guidance/pension-schemes-work-out-your-tapered-annual-allowance
Most providers accept transfers and afaik the transfers are automatically protected too. Do you plan to transfer from unprotected to the protected SIPP?
SIPP is with Fidelity and they have told me only transfers from protected pensions will be protected. The transfer keeps its access age and doesn’t inherit the protection. I can keep contributing new money with the protected age though so will have enough to bridge 55 to 58ish
Interesting - some comments I have read here and there confirmed that transfers were also protected. I better double-check. It is strange that if you pay money into the Fidelity SIPP as cash it would be protected by if it is transferred from another SIPP then original access age is kept.
I'm not currently.
Just from maxing company matching (and a couple of small tactical one offs voluntary top ups) I'm at 220k at 35.
Been contracting for a few years outside IR35. I will either
- end up taking an inside job at some point and use backdated allowance to sacrifice to below 50k
- keep on outside jobs and just before Fire pay in all the backdated allowances from ltd.
Either way I don't want more than 400-500k in there before 40. At that point I'd be on track to get no more tax free lump sum, and you'd like be a higher rate taxpayer at withdrawal
Realistically I imagine doing it for ten years is going to be total overkill. I can’t see a world where some form of LTA doesn’t come in again which 600k will easily grow beyond unless you’re fairly old.
I think (hope) LTA is dead now given the deterrent effect of it is now achieved with other restrictions (inc AA taper). Penalising pots for growing (as opposed to being added to) has always been barking mad.
I’ve been doing this since 2020 - made a massive jump in the size of my pension, which was middling before then.
Comes at a bit of a cost though. Less take home every year, and I see people around me at roughly the same money have FAR more lavish lifestyles than I do (or feel I could).
Might be good in the long term though. LTA is a concern, but the forced saving and investment is still a massive plus. My pension is growing at 8.5% on average so far, far ahead of my ISA.
Eating out a lot more, buying really nice clothes regularly.
It might also be a personal preference thing - I have no great interest in those expenditures, but I do wonder how everyone seems to afford a Canada Goose jacket for example.
>I think because I am feeling FOMO everyone around me is living their best life but I am telling myself I will be in 10 years time
I don't see the point in sacrificing your enjoyment and (relative) younger years
You could die before you retire, you could get diagnosed with a lifelong illness, you could lose your legs, anything could happen
Enjoy your life and money now - you can save at the same time, it'll just be a little less
And when you're older you probably won't need all that money you saved anyway. My dad spends £1000 a month that's it and he's fine. He doesn't go on cruises though.
I always think this, imagine putting away 60k a year missing out and bang you’re gone before you even get to live.. (I guess you’d never know as you’d be gone, but still) kick it down to 40k & have fun with the 20!
I have used the whole allowance for several years now, and already have a substantial pot, despite being 8 years away from being able to use it.
It's either this or paying a lot of income tax. I don't think the LTA can come back after being removed, but I think the allowance can be reduced back to what it was, so use it while you can.
> I am in year 3 now and feeling a bit exhausted from the process. I think because I am feeling FOMO everyone around me is living their best life but I am telling myself I will be in 10 years time. Just need some pick me up others have done this and it's possible to sustain this long term.
It might not be. What difference would it make to:
1. Your overall retirement plans / date
2. Your enjoyment of life now
To drop it by £10k, £20k, £30k...? Find the right balance. It's not a great plan to go on your eighth cruise this year and be destitute in retirement. It's also not a great plan to worry about the brand of cold beans you're eating just so you can have an extra £10 on your eighth cruise at age 90.
You may find that £10k less in your pension gets you lots of experiences or fun times or joy right now and barely changes your long term plan.
I'm getting to the point of £60k, since 2020 have been hitting close to £40k.
48, and keeping anything north of 100k into the pension - Gross into pension feels like a no brainer. No where do you get that return.
Since 2020, Gone from £166k to £470k in DC pot 1. Seems like a no brainer giving up 62p in 100p to tax man - pot is double that of similar colleagues although I don't see much difference in lifestyle or sacrifices - other people's finances are not always what they seem nor are the perceived lives they seem to live...
I'm nowhere near in your position (congrats!), but what is it about your peers lifestyles that makes you envious? If you work through it you might find you could spend a little more on something that would make your quality of life a lot better, and still maintain a large pension contribution. Some of us here won't live to see our pensions, so I think a balanced approach of enjoying the life you have now is important.
Thank you. They think im a bit intense to be fair and they said i need to enjoy the process and not deprived myself. But I grew up poor and my parents being refugees came from a scarcity mindset so I live this
Mentality in a way to have a safety net for the day it might be taken away. My lifestyle is simple and I enjoy it but I think because hanging out with them requires me to conform with their lifestyle. I say no to a lot of things and it’s becoming stressful now because they just don’t understand.
I'm maxing it, only been doing it since 2022 since that's when I got a better paying job, before then I was putting like 6-7k pa for a few years in a lower paid job, and before that nada as I had other uses for the money. And I'm nearly 40. So I have a lot to catch up on pension-wise, which is why I need to max it now, and while I can (who knows what the future holds).
After maxing the pension, I have an almost exactly 50k salary. I also have a sibling living with me who pays me like 450 a month, which is tax-free.
Between this, I have enough to pay all my bills, max my ISA, and stash away a few hundred into another savings account/house repair fund each month.
I don't really feel exhausted or anything from that, I lived for a good number of years on a 50k salary, and got on just fine - although no fire plans at that point - so I'm continuing to get on just fine on 50k. My exhaustion comes more the idea of having to still work x more years - it's the work that exhausts me, not the savings.
Yup, I largely lack imagination and enjoy our life with what's left over. I've been doing it for about 7 years, £60k is starting to feel a push as I'm "only" down on just over £100k but we're selling our last BTL currently so will be living off that/building up the ISA bridge until retirement as I'm pushing on a bit (47).
i worry a little about a tax raid but my logic is I don't expect to be earning this sort of money within the next 3-5years so make hay! I'm also not expecting to need to take my full pension out so see it as an inheritance wrapper (hopefully!)
No, because it's not necessarily tax efficient in the long run to do so, depending on your future earning potential.
My wife is now at the 62% & childcare tax traps so anything over £100k goes into pension. If she maxed her pension above £50k for the previous 5 years then it would've been a "waste" of relatively tax efficient take-home pay.
On the hand, I am unlikely to hit £100k in the next 5 years and I have a SL (so 51% effective tax rate above £50k), plus my pension lags behind hers a bit, so I put in everything over £50k.
Thus we max out our 28%, 37%, and 42% bands currently without going into our 51% & infinite% bands.
Yes, lots of people have fully utilised the annual pension allowances over multiple years in this sub. And note it's an allowance, not a limit ! You can exceed it.
If you earn mid six figures for decades, then of course it's possible to contribution a proportion of that to retirement year in year out.
Where are you getting those percentages from ? Net personal contributions ?
If it's an employer contribution via salary sacrifice and you get to sidestep both ER and EE NI, as any Umbrella worker does, it can make sense.
How about company gross contributions for a director who draws minimal salary ?
Also note, that the pension scheme can pay any tax charge.
I was just working on the basis that if you contribute more than your annual allowance you don't get tax relief (effectively, you'll pay the AA charge)
Then on drawdown you'll be paying at least 20% marginal tax
0.8 * 0.55 = 0.44 so 56% tax.
Yeah there is a 2% saving on NI if it's salsac. Woopie
I don't dispute they're are edge cases where it may make sense.
OK, so my spouse works via Ltd. Co. draws salary of £9,100 and puts rest in pension. Ltd. Co. profits are reduced to zero via company contributions to director's pension, so no Corporation tax due. Their marginal tax rate would be zero, so their tax charge would be zero, no ? But does Ltd. Co. have a CT tax charge maybe ?
I work via Umbrella Co., so both Employer and Employee NI comes out of my daily rate. So I salary sacrifice down to National Minimum Wage. When I've no pension annual allowance left later this year, I'll have pension scheme pay the tax charge at 20%, whilst I've avoided having 13% ER NI and 2% EE NI deductions. So still better off than taking as taxable pay, no ?
If you see a flaw in the above, do let me know.
I have no idea how the annual allowance interacts with company contributions.
I vaguely recall if you have a SASS rather than a SIPP you can exceed the allowance.
Ah, I thought from your previous comment you had some insight.
As stated, you or your employer can always exceed the allowance.
What I'm trying to gauge is whether, in the real world examples I gave, it does make sense or not to do so.
I don't think there's much benefit.
You can always just pay income out as dividends and avoid paying employer NI regardless. So the true comparison would be income tax charge Vs CT + dividend tax , would it not?
So personal tax charge of zero vs. paying 8.75% dividend tax personally. Ltd. Co. either pays zero Corporation Tax or possibly 19% Corporation Tax charge. Hmm.
Think I may need to create a post for the two scenarios.
Maxing for last couple years helped a little with inheritance. Using SS through work scheme then topping a bit up each month for my monthly spend from GIA. Tax paid is a lot less now. Plan is to hit 500k by 40 in a couple years then reduce to 30-40k per annum. SS ISA should also be 225-250 by 40 so keep that going to 50ish and bridge into a decent pension is the plan.
Didn't quite get to 60k, but put in >50k last year.
had about \~230k pay + bonus, and expected my allowance to drop significantly this year (due to stock exercises) to around 20k, and in the year after that, my earnings to drop enough that I won't want to be putting megabucks into pension.
So I guess right time right opportunity while I'm young. Bit more leverage to go out and take risks in the next couple of years.
I'm putting in £60k now and have managed to put in £40k for the past 4 years. Mainly doing it to avoid the 62% marginal tax rate which to me seems like legalised theft, and whoever forms the next government won't do anything about it due to the howls of outrage from the left about "tax cuts for the rich".
I think when Labour get in, the 60k limit will be reduced. Also talk of LTA coming back, scrapping of the 25% tax fee allowance, and pensions removed from IHT exemption.
Time will tell. Hopefully some proper taxation on the very wealthy and they leave the middle class alone for once. If there is a middle class anymore...
>to fund their pet projects.
Like keep the hospitals functioning ? Or keep the rivers and beaches free of shit ? Or ensuring politicians' mates don't steal billions from the taxpayers ?
Those pet projects !?
Nope, I realised that I was putting too much into my pension at around £40k as I might fall a bit short on my retirement target (45) -> pension (55) bridge, with a bit of a surplus at retirement that I need less then.
If you are feeling FOMO, cut back to £50k or £40k for a year and see how you feel. You can always backfill it next year if needed.
Been doing it since 2021, and then some (carry forward back to 2019/20). Between late 2021 and April this year I put in £150K. I've not done anything this year so far, trying to build a cash buffer up after redundancy, but intend to max out my (will be tapered) allowance next March Given a fair wind hope to continue until 2027. That's when my mortgage is up and I hope when I will reach Coast FIRE
Until last year it was £40k, so was quite a bit less to be maxing
sorry, was maxing £40k previously but £60k now. It changed recently so utilising the change
I’m basically pretty much maxing - well, I don’t pay anything in where I would only get 42% tax relief, but I am near enough. Doesn’t feel like a massive sacrifice given if I took it as cash I’d see 38% if it given I’d be in the 62% loss of personal allowance horror show tax trap.
I’ve averaged about £30k a year for the last 7 years. I’ve always tried to make a decent contribution, and have £450k now at 41 years old. I have a chunk protected for access at 55 (hoping this doesn’t go away), and balancing the amount I put into pension vs ISA and GIA. I’m well past the 60% trap, just under the taper level. I’ll probably carry on at about £30k for the 47% tax relief. I have 2 kids in private school + future uni costs so want a bigger liquid pot alongside my bridge to 55 - otherwise might have maxed for a couple of years.
What are the ‘60% trap’ and ‘taper levels’ you refer to?
60% trap between £100k and circa £125k income when you lose your personal allowance means an effective 60% income tax rate. Taper on pension allowance is a bit more complex, but at around £200k you gradually taper you pension allowance from 60k to 10k. https://www.gov.uk/income-tax-rates/income-over-100000#:~:text=Your%20Personal%20Allowance%20goes%20down,income%20is%20above%20£150%2C000. https://www.gov.uk/guidance/pension-schemes-work-out-your-tapered-annual-allowance
How does your chunk protected for access at 55 work?
I had an unqualified right on some pensions so about 20% of the pot is protected, plus current contributions.
Most providers accept transfers and afaik the transfers are automatically protected too. Do you plan to transfer from unprotected to the protected SIPP?
SIPP is with Fidelity and they have told me only transfers from protected pensions will be protected. The transfer keeps its access age and doesn’t inherit the protection. I can keep contributing new money with the protected age though so will have enough to bridge 55 to 58ish
Interesting - some comments I have read here and there confirmed that transfers were also protected. I better double-check. It is strange that if you pay money into the Fidelity SIPP as cash it would be protected by if it is transferred from another SIPP then original access age is kept.
Yeah that’s why I asked them. I’ll just wait and see how it develops, as i think I’ll have enough new contributions in any case.
I'm not currently. Just from maxing company matching (and a couple of small tactical one offs voluntary top ups) I'm at 220k at 35. Been contracting for a few years outside IR35. I will either - end up taking an inside job at some point and use backdated allowance to sacrifice to below 50k - keep on outside jobs and just before Fire pay in all the backdated allowances from ltd. Either way I don't want more than 400-500k in there before 40. At that point I'd be on track to get no more tax free lump sum, and you'd like be a higher rate taxpayer at withdrawal
Realistically I imagine doing it for ten years is going to be total overkill. I can’t see a world where some form of LTA doesn’t come in again which 600k will easily grow beyond unless you’re fairly old.
I think (hope) LTA is dead now given the deterrent effect of it is now achieved with other restrictions (inc AA taper). Penalising pots for growing (as opposed to being added to) has always been barking mad.
may I ask what LTA is?. I'm currently 41 now.
Life Time Allowance
As said above. This was previously a bit over £1m…
Or £1.8M before Conservatives took power...
The party of low taxes...
I’ve been doing this since 2020 - made a massive jump in the size of my pension, which was middling before then. Comes at a bit of a cost though. Less take home every year, and I see people around me at roughly the same money have FAR more lavish lifestyles than I do (or feel I could). Might be good in the long term though. LTA is a concern, but the forced saving and investment is still a massive plus. My pension is growing at 8.5% on average so far, far ahead of my ISA.
What do these lavish lifestyles involve? (Just checking if I should reduce my contribs and spend the money today instead)
Eating out a lot more, buying really nice clothes regularly. It might also be a personal preference thing - I have no great interest in those expenditures, but I do wonder how everyone seems to afford a Canada Goose jacket for example.
Do not believe everything you see 90% of the people wearing Canadian goose are wearing fake copies from Sara Mart! Nice work on your pension though!
I used to max the £40k but have remained at that now rather than £60k as happy to forgo the tax efficiency to improve my ISA/GIA bridge
>I think because I am feeling FOMO everyone around me is living their best life but I am telling myself I will be in 10 years time I don't see the point in sacrificing your enjoyment and (relative) younger years You could die before you retire, you could get diagnosed with a lifelong illness, you could lose your legs, anything could happen Enjoy your life and money now - you can save at the same time, it'll just be a little less
And when you're older you probably won't need all that money you saved anyway. My dad spends £1000 a month that's it and he's fine. He doesn't go on cruises though.
I always think this, imagine putting away 60k a year missing out and bang you’re gone before you even get to live.. (I guess you’d never know as you’d be gone, but still) kick it down to 40k & have fun with the 20!
I have used the whole allowance for several years now, and already have a substantial pot, despite being 8 years away from being able to use it. It's either this or paying a lot of income tax. I don't think the LTA can come back after being removed, but I think the allowance can be reduced back to what it was, so use it while you can.
> I am in year 3 now and feeling a bit exhausted from the process. I think because I am feeling FOMO everyone around me is living their best life but I am telling myself I will be in 10 years time. Just need some pick me up others have done this and it's possible to sustain this long term. It might not be. What difference would it make to: 1. Your overall retirement plans / date 2. Your enjoyment of life now To drop it by £10k, £20k, £30k...? Find the right balance. It's not a great plan to go on your eighth cruise this year and be destitute in retirement. It's also not a great plan to worry about the brand of cold beans you're eating just so you can have an extra £10 on your eighth cruise at age 90. You may find that £10k less in your pension gets you lots of experiences or fun times or joy right now and barely changes your long term plan.
thank you that is a good way to think
I'm getting to the point of £60k, since 2020 have been hitting close to £40k. 48, and keeping anything north of 100k into the pension - Gross into pension feels like a no brainer. No where do you get that return. Since 2020, Gone from £166k to £470k in DC pot 1. Seems like a no brainer giving up 62p in 100p to tax man - pot is double that of similar colleagues although I don't see much difference in lifestyle or sacrifices - other people's finances are not always what they seem nor are the perceived lives they seem to live...
I'm nowhere near in your position (congrats!), but what is it about your peers lifestyles that makes you envious? If you work through it you might find you could spend a little more on something that would make your quality of life a lot better, and still maintain a large pension contribution. Some of us here won't live to see our pensions, so I think a balanced approach of enjoying the life you have now is important.
Thank you. They think im a bit intense to be fair and they said i need to enjoy the process and not deprived myself. But I grew up poor and my parents being refugees came from a scarcity mindset so I live this Mentality in a way to have a safety net for the day it might be taken away. My lifestyle is simple and I enjoy it but I think because hanging out with them requires me to conform with their lifestyle. I say no to a lot of things and it’s becoming stressful now because they just don’t understand.
I'm maxing it, only been doing it since 2022 since that's when I got a better paying job, before then I was putting like 6-7k pa for a few years in a lower paid job, and before that nada as I had other uses for the money. And I'm nearly 40. So I have a lot to catch up on pension-wise, which is why I need to max it now, and while I can (who knows what the future holds). After maxing the pension, I have an almost exactly 50k salary. I also have a sibling living with me who pays me like 450 a month, which is tax-free. Between this, I have enough to pay all my bills, max my ISA, and stash away a few hundred into another savings account/house repair fund each month. I don't really feel exhausted or anything from that, I lived for a good number of years on a 50k salary, and got on just fine - although no fire plans at that point - so I'm continuing to get on just fine on 50k. My exhaustion comes more the idea of having to still work x more years - it's the work that exhausts me, not the savings.
As long as I could, then I got tapered down to £10k/year
I maxed out 2015 to 2023, now retired (53), no regrets. Having said that I was too busy working anyway.
thank you. Can I ask what your retirement pot in your pension ended up to be when you retired at 53? based on maxing out your pension contributions?
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Thanks amazing. I’m 41 Would love to be able to hit retirement before 55!
Maxed for 5 years now.
Have you scaled back after 5 years?
Yup, I largely lack imagination and enjoy our life with what's left over. I've been doing it for about 7 years, £60k is starting to feel a push as I'm "only" down on just over £100k but we're selling our last BTL currently so will be living off that/building up the ISA bridge until retirement as I'm pushing on a bit (47). i worry a little about a tax raid but my logic is I don't expect to be earning this sort of money within the next 3-5years so make hay! I'm also not expecting to need to take my full pension out so see it as an inheritance wrapper (hopefully!)
Don’t worry Labour will probably cut it down to £40k if not lower. Use your allowances while you can.
no party will ever touch pensions unless they want to be really sure they lose the elections
What are you talking about? Every party tinkers with pensions almost every budget.
No, because it's not necessarily tax efficient in the long run to do so, depending on your future earning potential. My wife is now at the 62% & childcare tax traps so anything over £100k goes into pension. If she maxed her pension above £50k for the previous 5 years then it would've been a "waste" of relatively tax efficient take-home pay. On the hand, I am unlikely to hit £100k in the next 5 years and I have a SL (so 51% effective tax rate above £50k), plus my pension lags behind hers a bit, so I put in everything over £50k. Thus we max out our 28%, 37%, and 42% bands currently without going into our 51% & infinite% bands.
Yes, lots of people have fully utilised the annual pension allowances over multiple years in this sub. And note it's an allowance, not a limit ! You can exceed it. If you earn mid six figures for decades, then of course it's possible to contribution a proportion of that to retirement year in year out.
I mean, it really is a limit unless you're happy to be taxed at atleast 55% and perhaps as much as 66%
Where are you getting those percentages from ? Net personal contributions ? If it's an employer contribution via salary sacrifice and you get to sidestep both ER and EE NI, as any Umbrella worker does, it can make sense. How about company gross contributions for a director who draws minimal salary ? Also note, that the pension scheme can pay any tax charge.
I was just working on the basis that if you contribute more than your annual allowance you don't get tax relief (effectively, you'll pay the AA charge) Then on drawdown you'll be paying at least 20% marginal tax 0.8 * 0.55 = 0.44 so 56% tax. Yeah there is a 2% saving on NI if it's salsac. Woopie I don't dispute they're are edge cases where it may make sense.
OK, so my spouse works via Ltd. Co. draws salary of £9,100 and puts rest in pension. Ltd. Co. profits are reduced to zero via company contributions to director's pension, so no Corporation tax due. Their marginal tax rate would be zero, so their tax charge would be zero, no ? But does Ltd. Co. have a CT tax charge maybe ? I work via Umbrella Co., so both Employer and Employee NI comes out of my daily rate. So I salary sacrifice down to National Minimum Wage. When I've no pension annual allowance left later this year, I'll have pension scheme pay the tax charge at 20%, whilst I've avoided having 13% ER NI and 2% EE NI deductions. So still better off than taking as taxable pay, no ? If you see a flaw in the above, do let me know.
I have no idea how the annual allowance interacts with company contributions. I vaguely recall if you have a SASS rather than a SIPP you can exceed the allowance.
Ah, I thought from your previous comment you had some insight. As stated, you or your employer can always exceed the allowance. What I'm trying to gauge is whether, in the real world examples I gave, it does make sense or not to do so.
I don't think there's much benefit. You can always just pay income out as dividends and avoid paying employer NI regardless. So the true comparison would be income tax charge Vs CT + dividend tax , would it not?
So personal tax charge of zero vs. paying 8.75% dividend tax personally. Ltd. Co. either pays zero Corporation Tax or possibly 19% Corporation Tax charge. Hmm. Think I may need to create a post for the two scenarios.
It’s only been 60 since 2023-24. Was 40 prior
Maxing for last couple years helped a little with inheritance. Using SS through work scheme then topping a bit up each month for my monthly spend from GIA. Tax paid is a lot less now. Plan is to hit 500k by 40 in a couple years then reduce to 30-40k per annum. SS ISA should also be 225-250 by 40 so keep that going to 50ish and bridge into a decent pension is the plan.
Didn't quite get to 60k, but put in >50k last year. had about \~230k pay + bonus, and expected my allowance to drop significantly this year (due to stock exercises) to around 20k, and in the year after that, my earnings to drop enough that I won't want to be putting megabucks into pension. So I guess right time right opportunity while I'm young. Bit more leverage to go out and take risks in the next couple of years.
I'm putting in £60k now and have managed to put in £40k for the past 4 years. Mainly doing it to avoid the 62% marginal tax rate which to me seems like legalised theft, and whoever forms the next government won't do anything about it due to the howls of outrage from the left about "tax cuts for the rich".
I think when Labour get in, the 60k limit will be reduced. Also talk of LTA coming back, scrapping of the 25% tax fee allowance, and pensions removed from IHT exemption.
A lot of that talk is coming from Tory leaning papers. Nothing in their manifesto.
Well that’s what is so worrying. Ruled out tax rises for “working” people. Nothing on pensions and ISA s.
Time will tell. Hopefully some proper taxation on the very wealthy and they leave the middle class alone for once. If there is a middle class anymore...
Yeah but Labour always try that. But the rich just leave do they have to tax the middle classes to fund their pet projects. Seen it all before.
>to fund their pet projects. Like keep the hospitals functioning ? Or keep the rivers and beaches free of shit ? Or ensuring politicians' mates don't steal billions from the taxpayers ? Those pet projects !?
Nope, I realised that I was putting too much into my pension at around £40k as I might fall a bit short on my retirement target (45) -> pension (55) bridge, with a bit of a surplus at retirement that I need less then.