Tag Archives: Autumn Statement

Tax breaks under threat?

The Chancellor is due to make his Autumn Statement on 4 December, and it is being suggested that some of the tax advantages of ISAs and pension schemes could be under review. When ISAs were launched in 1999, the maximum investment limit was £7,000, of which £3,000 could be contributed to a cash ISA. The […]

Pension Tax Relief Warning

THE CHANCELLOR could be about to cut tax relief for pension contributions. In his 2010 emergency Budget, Osborne cut the maximum annual pension contribution exempt from tax from £255,000 to £50,000. This year’s Autumn Statement, scheduled for 5th December 2012, may see the maximum contribution dropped to £40,000, which would save the Treasury about £600m, while a […]