Thursday, 10 January 2013

Tax for old age


 If your tax bill came with an itemised statement, it would tell you, roughly that -
1.  You work for a fifth of the year paying for other people’s pensions and
2.  Another fifth paying for other people’s health care.
3.  And another couple of months more or less paying for all the miscellaneous benefits – job seekers, disability and all the rest
And you do this in a country, where a future in which other people ultimately pay for your pension and healthcare, seems pretty unlikely.
(Extract from Hugo Rifkind)

Once you retire (having worked and contributed as above) – if your tax bill came with an itemised statement it might tell you that-
1. Your state pension to which you have contributed all your working life and
2.  Any other benefits given to you as pensioners such as winter fuel allowance
Are all quietly taken away from you - as tax


No comments:

Post a Comment