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Friday 21st of January 2011

News Tag: high earners

October 14, 2010

Pension tax relief slashed as Government looks to save more money

by Kay Murchie
Pension tax relief slashed as Government looks to save more money
It has been announced that the Government is to reduce the annual amount of pension tax-free income in order to save £4 billion a year, to reduce the spiralling budget deficit. The tax-free amount is being slashed from £255,000 a year to £50,000 from April 2011. High earners will continue to be paid tax relief on pension savings ...



December 6, 2009

Plans for windfall tax on bankers’ bonuses

by Kay Murchie
Plans for windfall tax on bankers’ bonuses
In the Pre-Budget Report this week, Chancellor Alistair Darling is expected to announce a windfall tax on British banks. The measure is one of many being planned by Mr Darling to target high earners. Other measures include increasing the number of people liable to pay inheritance tax, as well as an increase in capital gains tax. While the speculation will not ...