Tax Credits

so the Conservatives are belatedly complaining about tax changes which were made in the Gordon Brown budget ten years ago are they? Well there is nothing like coming late to the party. Let me tell you something about the tax changes Gordon made effecting our pension funds because I actually worked for a bank in that side of the business.Some of you know that I am retired on a pension from my employer. When my pension was building up you, the taxpayer, through tax benefits to pension funds were actually contributing to my pension. This is not fair and was not and all that Mr Brown did was to make it fairer. Why should poorer taxpayer contribute to making my pension larger.If however, the pension fund invested in government bonds, or Gilts, then from my understanding there is no tax to pay, therefore where should the fund put its money, in government bonds.Finally, let us not forget the banks in this fiasco because surely it is the job of very expensive fund managers to invest wisely. Did they not anticipate the dot com boom and overinvested thus losing pensioners loads of money. As for the actuaries how is it that these very highly paid people did not anticipate the demographic time bomb with regard to an aging population. Same with financial advisers who have got rich on their commissions but take no responsibility for their failures while they sun themselves on the south of France.