I don’t know whether to laugh or cry. One of Labour’s flagship tax hikes is going to cost the Treasury more revenues than it raises. Which is exactly what we’ve been saying for months. Daily Express :: Finance Feed
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Pension panic as savers rush to take 25% tax-free cash before Labour’s Budget raid
Savers are racing to pull money from their pension pots in case chancellor Rachel Reeves attacks the hugely popular 25% tax-free lump sum benefit in her Budget next month. Daily Express :: Finance Feed
Read More »Warning tax raid on pension contributions ‘could deter savers’
Currently, workers on more than £50,271 can claim tax relief on their pension contributions at a rate of 40 percent, which matches the income tax rate payable. Daily Express :: Finance Feed
Read More »Rachel Reeves urged to launch new ‘death raid’ on second homes and shares
The call for change comes from experts at the independent Institute for Fiscal Studies Daily Express :: Finance Feed
Read More »Labour tax raid could target state pensioners living alone for £390 each
Chancellor Rachel Reeves has refused to rule out ending a discount which can provide as much as £394 off the average Council Tax bill. Daily Express :: Finance Feed
Read More »Starmer ‘snuffs out’ recovery as Labour tax raid drives UK into ‘Covid-style lockdown’
Two months. That’s all it took. Just two months for PM Keir Starmer and chancellor Rachel Reeves to destroy business confidence and the fragile UK economic recovery. Daily Express :: Finance Feed
Read More »Labour declares war on savers with triple pension tax raid and plot to cut Isas in Budget
PM Keir Starmer and chancellor Rachel Reeves are launching a war on savers by stripping away the incentives people have to save for their future. It could backfire horribly. Daily Express :: Finance Feed
Read More »Landlords giving up on buy-to-let over fears of new Capital Gains Tax raid on profits
Currently, any profits made on properties, other than a main residence, are taxed at 24 percent for a higher rate taxpayer, but this could rise to 40 percent. Daily Express :: Finance Feed
Read More »Britain’s death tax hot spots revealed as government looks to raid inheritances
The government is expected to rake in £7.5 billion from Britain’s ‘most hated tax’ this year – up 25 percent in just three years. Daily Express :: Finance Feed
Read More »Taxpayers told to take ‘obvious’ step ahead of Labour pensions raid
Labour may make changes to pension tax relief later this year. Daily Express :: Finance Feed
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