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View Diary: Freedom means burning your non-existent Obamacare card. Like the hippies would have (152 comments)

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  •  In Britain (1+ / 0-)
    Recommended by:
    June 2010

    The Government has announced that it will end the effective requirement to use a pension fund to buy an annuity by age 75 with effect from December 2011. Pending implementation of the necessary changes, legislation will be introduced in Finance Bill 2010 to increase to 77 the age by which members of registered pension schemes have to buy an annuity or otherwise secure a pension income. This change will also apply for the purposes of the inheritance tax (IHT) charges that specifically apply to pension scheme members aged 75 and over. The increase in the age by which the member must secure an income has effect on and after 22 June 2010.
    •  With that stunt (0+ / 0-)
      members of registered pension schemes have to buy an annuity...[at age 77]
      If medical technology advances so people normally live to 120 you'll have an annuity funded enough to provide for you until around age 82.

      Expect the US to follow on when the Republicans regain national power. It would apply to public pension plans and Social Security.

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