Tags » Tax Relief
A tired (and possibly emotional) actuary sends me a late night mail which starts..
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What is the tax relief deal? Govt in effect borrows money over 40 years on average to invest in whatever DC investors invest in and gets something like 2/3 back, at a guess.
The concept of “flat rate tax relief” for pensions is now accepted. There is a consensus behind it. Even the ABI, who until recently were predicting plagues of locusts if higher rate relief were abolished, appear to have got behind the flat rate. 1,396 more words
On the 20th January 2016…
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David Gauke, the Financial Secretary to the Treasury, said a review of pension taxation would keep savers in mind.
“We need to ensure it is effective in terms of encouraging saving, and it is going in the right place,” he said.
Restriction of Mortgage Interest Tax Relief
The governments’ plan is to restrict individuals on claiming mortgage interest as a cost against their property investment income, for individuals it will work as follows… 274 more words