Re: Retired may be able to sell their pensions.
Quote:
Originally Posted by Ignitionnet
I think you're missing out on what the actual plan here is - keeping house prices high relative to incomes.
The previous wheeze had this in mind, this is just an extension of that masterplan.
---------- Post added at 12:43 ---------- Previous post was at 12:39 ----------
You'd be surprised how many working people do 'scrounge off the state' as they or their household draw more in services than they pay in taxes on an ongoing basis let alone during retirement.
Pensioners have been the only demographic to see incomes rise during this government and they and near-retirees the only demographics to see home ownership rates increase.
With an ageing population, expensive housing and a constant attack on their entitlements the young probably have quite enough to deal with for now without those people who will inevitably do as you suggest.
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Interesting article in the Telegraph earlier this year about that - http://www.telegraph.co.uk/finance/p...-get-back.html
Interesting point from the article
Quote:
The IFS said that in 1980 the top 1pc of earners paid 11pc of all income tax, a proportion that has leapt to 30pc.
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