the abolition of ACT is a significant contributor to the issues wiithin pensions funds today but that is a totally different story...... Am I going to get my money back that I put into my pension that should have been 12000 a year in 2011 I started in 1974 to get that amout then BROWN took billons out because he said that there was to much in the private pension. He said it would grow again over the years but it did not grow it got smaller every year. I put in more every year but I could not keep up. I could have brought 2 house's with the amount that I put into the pesion's and rented them out All I got out was 5250 a year As usual big companies managing to get away with another loop hole. The problem is they all have this get rich quick out look on life. Where there founders grew slowly and steady over many years. Look you run a company you pay tax I run a company and I pay my share. 10,000 smaller companies prob pay more tax than 1 large company as the large company pays people to find loop holes. The smaller company uses their local accountant to keep them in line. Margaret, Brown changed the corporation tax rules in 1997 and raided the pension companies by abolishing tax relief on dividends to pension companies. That part has always stuck in my head because he wrecked my pension.