In the third of the prime ministerial debates, Gordon Brown indicated that higher rate relief would be restricted for those with income of £100,000 or more (a much lower income threshold than that applicable under the anti-forestalling provisions or the new restricted relief provisions due to take effect from April 2011). Although it was subsequently indicated that this was a…
Posted in Money Box Monday |
The Government has announced that, from 6th April 2011 onwards, it intends to restrict higher rate tax relief on pension contributions for individuals with an annual income of £150,000 or more. In anticipation of this change, there is a special annual allowance and associated tax charge from 2009-2010 that applies in respect of individuals who bring forward their pension contributions…
Posted in Daily £££ Chatter |
Perk to be withdrawn? Over the years we have always been loath to scaremonger ahead of Budgets. But on this occasion we feel we ought to draw to your attention the risk that higher rate tax relief on pension contributions could be abolished in next week’s Budget (22nd April). The Irish government is under similar pressure, and in their Budget…
