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User Name Thread Name Subject Posted
GUEST,Backwoodsman BS: UK political parties for oblivion? (177* d) RE: BS: UK political parties for oblivion? 15 Mar 13


"Not just state pension.
You save money out of your taxed income and put it into a pension fund, and they tax it again when you draw it out!"

Nope, not so. Your fund contributions are subject to tax relief, either by netting against the amount you pay in to the fund or by an increase to your tax coding. So you're only taxed once, i.e. when you draw out.


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