The pension debacle

I am not by nature a complainer - not my style. However, I confess that the latest ideas that are coming out on taxing pensions are just plain unfair. When the Prime Minister of the day (Margaret Thatcher) recommended to the nation that prudent, sensible and intelligent people save for their old age because the government can no longer afford to keep on dolling out money for pensions, it is scandalous to then say to anyone when they reach retirement age, thank you for saving all that money, but we're now going to tax that as well. This is pernicious theft by any standards. In fact if I'd have known when I was in my 30s, that the government would steal my savings, I wouldn't have bothered. I mention this today because I've just received my first payment from 40 years of saving, to find that 40% of it was stolen at source. So I would say to the next generation, don't bother.