Gabriel | That Money Guy
Region: GB
Monday 01 June 2026 15:25:31 GMT
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Landseerlion :
how can people be expected to save for a pension when every spare penny is taxed to the hilt
2026-06-01 17:24:24
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KGB_67 :
We are taxed on income, taxed on pensions and our children are taxed on any pension we pass under inheritance laws. There’s no incentive to save into a pension when we’re struggling to live, even when working full time
2026-06-01 20:48:41
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BooCat34 :
Why is my pension company making 100's of millions in profit but my pot earned £70 🤣 yes my pot has gone up with the cash I've put in but the returns don't seem to filter down to me & if I die within 5 years of taking my pension they keep 50%. Rather put the money in the bank where I can see it. No one's pension pot is guaranteed to be worth anything when they come to retire. Just lining corporations pockets again!
2026-06-02 12:47:13
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scottc919 :
No one has enough left to save because we are being taxed to death on everything and the cost of living is leaving nothing left in our pockets
2026-06-01 19:07:05
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user2218093876833 :
And Labour are now capping salary sacrifice NI exemption at £2k per. More punitive measures on workers trying to do the right thing
2026-06-01 18:58:17
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user4279931815407 :
not an issue for civil servants!!!
2026-06-01 22:07:02
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h4rt86❤️ :
There is no incentive! State pension will surpass the tax threshold next year so even £60 a month from a private or workplace pension will be taxed! Have nout you’ll get help when you need it
2026-06-01 20:56:20
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bluennn55 :
A lot of my team, opted out from pension sacrifice schemes, because they can’t afford living now, so they can’t think about the future.
2026-06-02 05:16:11
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Alex1770 :
Because we get taxed if our children inherit it.
2026-06-02 01:21:38
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Maria | Skin Alchemist :
amd its going to get a whole lot worse when the new pension taxes are implemented
2026-06-01 19:33:11
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Blastermaster :
This government only wants to tax the people. They are not really interested in incentivising the public to invest in pensions.
2026-06-01 19:42:28
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suelaine :
that's because the wages are not enough people can not afford to
2026-06-02 07:36:24
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Gar10 :
No point, Labour keep taxing it.
2026-06-02 19:46:46
9
Lund Zed 🇪🇺 :
I over pay and I’m still gonna be skint
2026-06-01 18:57:43
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Dampsquids :
Record profits for utilities and supermarkets … but why has nobody got any money???
2026-06-02 06:38:56
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user9081151261466 :
they need to stop taxing us then.we can all live comfortably in.our life
2026-06-02 13:57:56
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nickyo :
People won’t retire, they will drop part time
2026-06-02 11:28:46
1
Jodie Stark :
i pay private pension i probs not contributed enough by time i get to rwtire but in all honesty i wont get dental care prescriptions rent so really people have right idea not saving
2026-06-02 15:26:45
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Christopher Saund307 :
as less people are buying or will pay off the mortgage before retirement. most people will need more pensions than previous generations that paid off the mortgage before the pension age.
2026-06-01 16:53:54
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Late Birdie :
And it will get worse because everyone believes it will be taken away later.
2026-06-01 17:43:48
3
Chrisc1341 :
More shocking is the poor performance of uk pension funds
2026-06-01 17:27:11
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Hector :
They’ve started massively taxing pensions - it’s utterly pointless having loads in your pension. The tax on it means it’s worthless.
2026-06-02 12:21:51
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Shelly Walker-Bower 🇬🇧 :
Who says we are living to pension age ? Tomorrow isn’t guaranteed for anyone
2026-06-01 19:20:07
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opal286 :
If you pay into a pension and be responsible you’re looking at the government taxing you in retirement. The state pension is close to being taxed. Private pensions take you over that limit. Working all your life to be taxed is ridiculous. No incentive to pay into a private pension. Also the cost to live means you have no money left to put into a pension. The government need to stop taxing people who retire at state pension age.
2026-06-03 06:16:59
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Naomi Wallace :
I'm a carer for my disabled sons. I have zero money to put aside. The system is designed to keep vulnerable in poverty.
2026-06-02 01:27:45
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