Re:Insider trading has been rife on Wall Street, academics c...
by nly on Sunday February 11, 2018 @04:11PM
(#16354823)
> The argument against unlimited tax free contributions is that above a certain point it becomes a tax break only for the rich.
That's where the lifetime cap comes in I guess. £1M isn't that crazy over a ~40 year timeframe for someone on a high income who isn't necessarily 'rich' and, at current annuity rates, won't buy you absolute luxury in retirement.
That's where the lifetime cap comes in I guess. £1M isn't that crazy over a ~40 year timeframe for someone on a high income who isn't necessarily 'rich' and, at current annuity rates, won't buy you absolute luxury in retirement.