Tag Archives: UK Election

Post-election – Reasons to be cheerful

Reasons to be cheerful...

Many investors will be relieved that the result of the election meant that pro-business policies would be maintained and personal aspiration continue to be encouraged. There are good reasons to be cheerful. One of the Conservatives’ pre-election promises was that there would be no increase in income tax, National Insurance or VAT during their term […]

More pension uncertainty

No sooner has the ink dried on the dramatic Budget proposals to remove the requirement to buy annuities with accrued pension monies than Ministers start talking about other possible changes – notably reducing the amount of tax relief available on pension contributions. According to figures published by HM Revenue & Customs, higher-rate taxpayers will by […]

Rock & Hard Place

The Christmas break marks the mid-point for this government and thus Chancellor Osborne is due a half-term report. The usual phrases about trying harder, could do better or has failed to live up to his early promise could all be used with a degree of truth but none would really tell the whole story or […]

Capital Gains Tax – Fundamentals

The formal Conservative/Liberal Democrat Coalition Agreement says ‘We further agree to seek a detailed agreement on taxing non-business capital gains at rates similar or close to those applied to income, with generous exemptions for entrepreneurial business activities’. This wording suggested that CGT rates could be as high as 50% at some point in the future. […]

What Future Higher Rate Pension Relief?

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 […]