NEWS FOR APRIL
Gordon Brown is under pressure to explain whey he pressed ahead with a controversial tax reform after being warned it could cost pension savers billions of pounds.
Mr Brown also came under fire from business leaders, who said he had made a "misjudgement" which had contributed significantly to the decline of the pension system.
Well what good news to end last week on, not if you were hoping that your pension was going to look after you when you retire now that you are going to be taxed on any dividends that you make.
In other words all that money you are paying into a pension fund in the hope that it will grow and make enough for you to live on has just been slashed by a third, so what are you going to do now?
It doesn't have to be all gloom and doom, the answer is stocks and shares,but hang on a minute, over the last few weeks haven't they been up and down like the proverbial brides nighty and you will have to keep an eye on them daily so you know when and if to cash them in and move the money to some other stock, or get a management company to do this for you who will then take part of your profits along with the government. Very unpredictable.
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