From: mmaker@my-deja.com
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Gordon Brown knew the devastating cost to British workers of his pension fund raid
Date: 21 Feb 2006 05:29:39 -0800
   posting-account=AFHzhwwAAACncbAFnkq8rMklByfTc3sm

Tim wrote:
> Then they simply need to save the much larger proportion of
> their earnings,

Sure, they can 'simply' save half their income and hope that the
pension company will be able to keep up with inflation. That will be
very simple after paying maybe 50% of their income in one tax or
another, paying 30-40% of the rest on a mortgage and then paying living
costs.

Oh dear, that's over 150% of their income gone.

> What they *shouldn't* expect, is that paying a small amount,
> for a short time, into a pension will provide them with a
> large amount for a long time after retiring relatively early!

You seem to be under the misaprehension that the majority of the
British public can not only think forty years ahead, but can actually
do maths.

    Mark