@dontdelay@AlanJLSmith So following the logic, would be better to take income from the crystalised pot before 75 (ie. for excess above LTA) and pay 20% income tax rather than the 25% LTA penalty on excess. This needs to be done before the final LTA test at 75 Can you see any gaps in this thinking?
Facebook UK pays £29m corporation tax despite record £3.3bn sales.
Facebook isn't alone. All major companies are dodging taxes, having a free-rice
HMRC doesn't bring test cases against big corporations.
https://t.co/yumTl4bhkG
@AlanJLSmith Thank you, although I just read that growth on crystallised part after 75 years is not counted against LTA but unclear from HMRC site. Appreciate your views, thanks
Senior Tories plot to install Rishi Sunak as PM to prevent election meltdown.
Won't make any difference. Sunak supported austerity, tax hikes, higher inflation, trickle-down, triple-lock cut, contracts for cronies.
Need to reverse all their policies.
https://t.co/3wsAPfkEM3
@Gilesyb@pmdfoster No good waiting for employers to give you a pay rise. People should make their own destiny is the message from last 12 years of Tory government. Nevermind poor folks. Life is not about fairness .
@JohnRentoul@RhonddaBryant Just be wary of any politician who went to usual popular private schools such as Eton or elite university like Oxbridge most have dim view of normal people