{"id":7090,"date":"2016-03-07T22:11:26","date_gmt":"2016-03-07T15:11:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-chancellor-right-to-not-change-pensions-tax-relief\/"},"modified":"2016-03-07T22:18:19","modified_gmt":"2016-03-07T15:18:19","slug":"is-the-chancellor-right-to-not-change-pensions-tax-relief","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-chancellor-right-to-not-change-pensions-tax-relief\/","title":{"rendered":"Is the chancellor right to not change pensions tax relief?"},"content":{"rendered":"


\nThe forthcoming budget was expected to include a pledge to cut tax relief on pensions for higher earners, but this has been dropped amid growing concern that it could prompt a backlash from affluent votersAfter weeks of speculation that the chancellor was planning big changes to the tax relief on pensions in the forthcoming budget, on Friday the Treasury ruled out any immediate reforms. Currently, when savers pay into a scheme their contributions are boosted by tax relief at the rate they pay on their earnings, which can be as much as 45%. Figures from the government show more than two-thirds of pensions tax relief goes to 40% and 45% rate taxpayers. Continue reading…
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\nSource : theguardian.com
\nRead more…Is the chancellor right to not change pensions tax relief?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The forthcoming budget was expected to include a pledge to cut tax relief on pensions...<\/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-7090","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\/p75ss1-1Qm","jetpack-related-posts":[{"id":7284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-system-favours-the-richest-letters\/","url_meta":{"origin":7090,"position":0},"title":"Pensions system favours the richest | Letters","date":"March 9, 2016","format":false,"excerpt":"\r Polly Toynbee\u2019s theory (Opinion, 8 March) that the chancellor caved in on reform of pension tax relief to a selfish pension industry suffers from one small problem \u2013 it isn\u2019t borne out by the facts. It is certainly true that the \u201cpension Isa\u201d option initially favoured by the chancellor\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-isa-what-is-the-chancellor-considering\/","url_meta":{"origin":7090,"position":1},"title":"Pensions Isa: what is the chancellor considering?","date":"March 4, 2016","format":false,"excerpt":"\r George Osborne could change the tax relief available on pensions, so they are treated similarly to Isas, in the March budgetThe chancellor, George Osborne, is reported to be considering making radical changes to pensions that could be announced as soon as this month in his budget statement.What changes could\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-is-it-right-to-charge-45-55-tax-on-incomes-above-26000-patrick-collinson\/","url_meta":{"origin":7090,"position":2},"title":"Pensions: is it right to charge 45-55% tax on incomes above \u00a326,000? | Patrick Collinson","date":"May 5, 2018","format":false,"excerpt":"\r High earners get 40% relief, lower earners 20%, so the poor get much less tax relief than the well-offThis is going to be a difficult column to write. I\u2019m about to make a plea for tax changes on behalf of people with \u00a31m-plus pensions. Why? Because our tax system\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/who-benefits-from-abolition-of-55-tax-on-pensions\/","url_meta":{"origin":7090,"position":3},"title":"Who benefits from abolition of 55% tax on pensions?","date":"September 29, 2014","format":false,"excerpt":"\r Patrick Collinson analyses the detail behind George Osborne\u2019s plan to cull tax that hits pensioners who want to pass on savingsThe chancellor, George Osborne, is to tell the Conservative party conference on Monday that a punitive tax that affects pensioners who want to pass on their savings will be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/public-sector-professionals-under-threat-from-pension-tax-relief-changes\/","url_meta":{"origin":7090,"position":4},"title":"Public sector professionals under threat from pension tax relief changes","date":"November 7, 2015","format":false,"excerpt":"\r The chancellor\u2019s autumn statement could lead to the slashing of pension tax relief, while in April new rules will hit higher earners such as dentists and doctorsPublic sector professionals such as doctors, senior civil servants and university professors in line for pensions worth more than \u00a343,000 a year face\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kwasi-kwartengs-mini-budget-key-points-at-a-glance\/","url_meta":{"origin":7090,"position":5},"title":"Kwasi Kwarteng\u2019s mini-budget: key points at a glance","date":"September 23, 2022","format":false,"excerpt":"\r The chancellor has delivered his mini-budget \u2013 here are the main points, with political analysisKwasi Kwarteng announces sweeping tax cuts in mini-budgetLive updates: Kwasi Kwarteng announces mini-budgetKwasi Kwarteng says the government was never going to let households face soaring energy bills caused by Vladimir Putin\u2019s war in Ukraine.Reversing the\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\/7090"}],"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=7090"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7090\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=7090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=7090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=7090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}