{"id":5376,"date":"2012-12-05T21:11:44","date_gmt":"2012-12-05T14:11:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-tax-relief-cut-its-not-just-the-ultra-rich-that-will-be-hit\/"},"modified":"2016-02-22T03:35:36","modified_gmt":"2016-02-21T20:35:36","slug":"pension-tax-relief-cut-its-not-just-the-ultra-rich-that-will-be-hit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-tax-relief-cut-its-not-just-the-ultra-rich-that-will-be-hit\/","title":{"rendered":"Pension tax relief cut: 'It's not just the ultra-rich that will be hit'"},"content":{"rendered":"


\nMark Dampier of Hargreaves Lansdown says the impact of the \u00a310,000 cut in the annual tax-free limit will hit many saversMark Dampier admits he’s lucky to be able to afford to put \u00a350,000 a year into his pension, but is furious at the \u00a34,500 tax charge he faces paying when the \u00a340,000 cap on contributions is introduced.”Everybody thinks that it’s rich bastards who should be taxed more. It’s in tune with the times. But it’s already the case that the top 10% of earners pay 55% of all income tax. In the past few years we have lost personal allowances and have been busy paying 50% and 45% income tax rates. My national insurance has also gone up like a rocket. Remember when Gordon Brown said the extra NI was there to pay for the NHS? I might have been happy with that, but the NHS is now bleeding dry.” Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pension tax relief cut: ‘It’s not just the ultra-rich that will be hit’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mark Dampier of Hargreaves Lansdown says the impact of the \u00a310,000 cut in the annual...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-5376","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1oI","jetpack-related-posts":[{"id":75645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-middle-class-who-got-rich-on-peps-and-isas-letters\/","url_meta":{"origin":5376,"position":0},"title":"The middle class who got rich on Peps and Isas | Letters","date":"January 3, 2018","format":false,"excerpt":"\r Anyone who has taken up the Pep and then the Isa every year from 1988 will have accumulated a completely tax-free investment portfolio of \u00a3508,000, writes Tom BrownYour year-end editorial exploring the iniquities of a society increasingly characterised by a growing new class of rentiers is timely (Redistribute the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/scandal-of-a-hidden-tax-rule-that-punishes-widows-on-a-pension\/","url_meta":{"origin":5376,"position":1},"title":"Scandal of a hidden tax rule that punishes widows on a pension","date":"May 10, 2008","format":false,"excerpt":"\r Jeanne Brown's tax bill soared when her husband died. As she tells Tony Levene, this age-related penalty is a policy that 'stinks'While the furore over the abolition of the 10p tax rate refuses to die down, a largely forgotten group of pensioners has been hit with losing 30p in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/actually-the-rich-pay-lots-of-tax-but-on-income-not-their-wealth-patrick-collinson\/","url_meta":{"origin":5376,"position":2},"title":"Actually, the rich pay lots of tax. But on income, not their wealth | Patrick Collinson","date":"March 9, 2019","format":false,"excerpt":"\r Rather than cut income tax, the government would do better to tax the country\u2019s real wealthWe know that giant multinationals are engaged in industrial-scale tax avoidance. We know from the Panama and Paradise papers how some individuals will use every offshore trick to dodge taxes. We know that billionaires\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cutting-inheritance-tax-now-exposes-a-warped-sense-of-priorities-rachel-reeves\/","url_meta":{"origin":5376,"position":3},"title":"Cutting inheritance tax now exposes a warped sense of priorities | Rachel Reeves","date":"March 1, 2017","format":false,"excerpt":"\r This plan to help the wealthiest will entrench the north-south divide. Philip Hammond should dump it and channel the money to early years childcareThere is nothing certain in the world except death and taxes, according to the old proverb. But, unless the government sees sense, we could soon find\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14914,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-took-some-money-from-a-pension-pot-and-have-now-been-sent-a-ridiculously-high-tax-code\/","url_meta":{"origin":5376,"position":4},"title":"I took some money from a pension pot and have now been sent a ridiculously high tax code","date":"May 31, 2016","format":false,"excerpt":"\r HMRC has estimated my income tax is \u00a3291,072 \u2013 more than ten times what I\u00a0actually payI am on a modest university pension (\u00a325,555) and do a bit of freelance work (perhaps worth \u00a34,000), while this April I\u00a0took \u00a312,500 out of a small additional pension pot. This morning I received\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-gps-on-100000-underpaid\/","url_meta":{"origin":5376,"position":5},"title":"Are GPs on \u00a3100,000 underpaid?","date":"May 28, 2011","format":false,"excerpt":"\r The pension reforms and a reduction of tax relief means an average GP may take home less than \u00a340,000 a yearIt is conventional wisdom in Britain that family doctors are rolling in it. GPs, critics say, hoodwinked negotiators into awarding them a madly generous settlement that not only took\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5376"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=5376"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5376\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}