{"id":4754,"date":"2009-09-11T09:01:36","date_gmt":"2009-09-11T07:01:36","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=4754"},"modified":"2009-09-11T09:01:36","modified_gmt":"2009-09-11T07:01:36","slug":"there-are-two-pensions-scandals","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/09\/11\/there-are-two-pensions-scandals\/","title":{"rendered":"There are two pensions scandals"},"content":{"rendered":"<p><a href=\"http:\/\/www.mirror.co.uk\/news\/top-stories\/2009\/09\/09\/there-are-two-pensions-scandals-115875-21658917\/\">THERE are two pensions scandals [...]  - mirror.co.uk<\/a>.<\/p>\n<blockquote><p>There are two pensions scandals in Britain. The first is the \u00a310bn-a-year tax relief which subsidises gold-plated retirement packages for the richest 1%.<\/p>\n<p>The second is that nearly two-thirds of people working for private firms do not get a penny from their bosses to help them in old age. I'm indebted to [the] TUC  for the above figures which inject much-needed reality into a badly skewed pensions debate.<\/p>\n<p>Public sector pensions aren't a third scandal. Total tax relief on pensions is \u00a337.6bn yet a nasty campaign is running against the final salary schemes of public servants retiring mostly on less than \u00a35,000.<\/p>\n<p>The \u00a34bn unfunded cost of pensions for millions of retired nurses, teachers and civil servants is equal to \u00a31 for every \u00a32.50 pocketed by the elite earning \u00a3150,000 upwards. Envy is a powerful political force but needs to be directed against deserving targets.<\/p>\n<p>Short-changing nurses is to pick the wrong target.<\/p><\/blockquote>\n<p>I agree.<\/p>\n<p>But I should add that I advise the TUC and played a small role in researching this data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THERE are two pensions scandals [&#8230;] &#8211; mirror.co.uk. There are two pensions scandals in Britain. The first is the \u00a310bn-a-year tax relief which subsidises gold-plated<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/09\/11\/there-are-two-pensions-scandals\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-4754","post","type-post","status-publish","format-standard","hentry","category-pensions"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=4754"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=4754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=4754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=4754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}