Latest pension changes undermine the case for pension tax relief

September 29, 2014 Leave your thoughts

The Conservative Party has been heartened to hear that the Chancellor is responding to the attacks from UKIP with a straightforward appeal to the grey vote. He will announce to the party conference today that he is changing the tax rules that apply to income drawdown pots post the death of the pensioner; the so-called death tax that applies to the family who cash in the pension fund. From now on, this will only be taxed at the marginal rate, if the pensioner is over 75 when he dies and will not be taxed at all if the pensioner dies before that age.

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UK Budget 2012 – Good for pensions in the long run

March 22, 2012 Leave your thoughts Broken eggs image UK budget 2012

The howl of outrage that has greeted the budget from the pensioners needs to be heard with an amount of scepticism. There is no real argument for treating pensioners more generously, in terms of tax allowances, than those in the productive sector of the economy. The allowances also cause a […]

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