Stupid policy:
(1) A lot of money is being sucked out of the economy and into pensions
(2) This will be taxed much later at a lower rate
(3) Frozen thresholds will push more money into the big pension funnel as the years go by
(4) A bunch of skilled workers will retire early in ~20-30 years
(1) A lot of money is being sucked out of the economy and into pensions
(2) This will be taxed much later at a lower rate
(3) Frozen thresholds will push more money into the big pension funnel as the years go by
(4) A bunch of skilled workers will retire early in ~20-30 years
Reposted from
Alex Selby-Boothroyd
Guess the salary threshold beyond which the marginal tax rate rises to 60%
www.economist.com/britain/2025...
www.economist.com/britain/2025...
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https://www.ft.com/content/8fc5e345-20dd-42a6-bac1-25cbe2bbf8d3