The cost of the financial crisis and the bail out of the banks means that any Government will look at ways at raising money. It is also inevitable they will attempt to do so whilst affecting the least number of voters as possible. With this aim in mind it is perhaps not surprising that a restriction on pension relief which on government estimates affects only 300 000 individuals would be attractive. The proposal
The Chancellor in his 2009 Budget Day speech said 'It is difficult to justify how a quarter of all the money the country spends on pensions tax relief goes as now to the top 1 ½ per cent of pension savers. So from April 2011 I will restrict pension tax relief for those with incomes over £150 000 so it is...
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The cost of the financial crisis and the bail out of the banks means that any Government will look at ways at raising money. It is also inevitable they will attempt to do so whilst affecting the least number of voters as possible. With this aim in mind it is perhaps not surprising that a restriction on pension relief which on government estimates affects only 300 000 individuals would be attractive. The proposal
The Chancellor in his 2009 Budget Day speech said 'It is difficult to justify how a quarter of all the money the country spends on pensions tax relief goes as now to the top 1 ½ per cent of pension savers. So from April 2011 I will restrict pension tax relief for those with incomes over £150 000 so it is...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
