Sentences with phrase «pension tax relief»

We will fund this by a repeat of the tax on bank bonuses and by restricting pension tax relief for the very highest earners to the same rate as the average taxpayer.

Or he could cut the level of pension tax relief high earners can claim.

This investment in the compulsory jobs guarantee would be fully funded by repeating the tax on bankers bonuses, and a restriction on pension tax relief for those on the very highest incomes.

Owen Smith today pledged to reform pensions tax relief as part of a «triple - lock» to ensure the «biggest boost in living standards ever recorded» if he becomes prime minister.

Can he confirm that the # 1 billion he is raising is less than the # 1.6 billion that he gave back in pension tax relief in June 2010?

In contrast all Labour's policies were fully costed and funded: the married couples» allowance would be used to restore the 10 % tax band, reducing pension tax relief for high earners would pay for lower tuition fees, the mansion tax would boost NHS spending, the bank levy would fund more childcare.

The deVere CEO concludes: «Whilst «intergenerational fairness» is now finally being looked at, this measure of cutting pension tax relief for older workers is not the right way forward.

The UK Chancellor's reported slashing pension tax relief for older workers is misguided, short - sighted and...

Last month the party confirmed reports that funding - also including the proceeds of restricting pension tax relief for high earners - was only in place for 2015/16.

That move follows a suggestion by Mr Clegg's close adviser David Laws, the former chief secretary to the Treasury, that higher rate pensions tax relief could be cut from 40 % to 20 % for the top five per cent of earners - those earning over around # 60,000.

pro-EU policy — climate change policy to include a Heathrow runway u-turn — agree fair tax plans: redistribute pension tax relief, tax avoidance, to shift burden at bottom.

While he slashed stamp duty for almost every first - time buyer (outside London) he conspicuously avoided provoking older voters; pension tax reliefs remain sacrosanct, as does the winter fuel allowance and the «triple lock» on pension increases...

In a speech at the Open University in Milton Keynes this morning, Mr Smith said: «I'll reform pension tax relief so that the richest pay more and low - paid workers see the benefit through higher pensions, a real living wage and reversing the Tories cuts to universal credit.

So instead we agreed to ensure the richest pay their fair share by limiting pension tax relief for millionaires and increasing our efforts on tax avoidance.»

But he is going to be cautious about embracing some of its specific plans drawn up over the past 18 months, including a # 2bn child care package, funded through scrapping plans for a marriage tax allowance, freezing child benefit and reducing pension tax reliefs.

A dress rehearsal on The Andrew Marr Show portrayed the chancellor in a defiant mood; suggesting heavier cuts for the rich — in the form of cutting pension tax relief.

The UK Chancellor's reported slashing pension tax relief for older workers is misguided, short - sighted and counterproductive, warns the CEO of one of the world's largest independent financial services organisations.

Mr Smith also vowed to reform pensions tax relief, introducing a flat - rate between 25 % and 30 % to help increase the pension pots of all basic rate taxpayers.

The Chancellor claims his decision today to restrict pension tax relief will make the tax system fairer at the top.

«From a future planning perspective, the other major announcement of note was the restriction of pensions tax relief for those with income in excess of # 150,000, meaning higher - earners will no longer receive some of the tax advantages around pensions that they previously enjoyed.

The government already plans to scale back pensions tax relief for incomes over # 150,000 from April 2011.

No - one with an income under # 40,000 will be affected, he promises, but the pensions tax relief reduction will go ahead.

13:05 - He reminds MPs of the pension tax relief policy from the last Budget.

Eyecatching specifics include the removal of 50 % pension tax relief, mutualising of some major banks, including the 600 branches of Lloyds TSB, and directly elected mayors in six major English cities without holding referendums on the issue.

Pension tax relief The Treasury was mulling reforms of pensions to end tax relief for higher earners but this was killed off before it was even announced by signs that backbenchers would not let it pass.

SUMMER BUDGET: INHERITANCE TAX PERKS, BUT HIGHEST EARNERS SET TO BE HIT BY CHANGES TO PENSION TAX RELIEF «It is excellent news for millions that the inheritance tax threshold has effectively been raised to # 1m for couples who are homeowners, with the policy coming into full effect by April 2020.

SUMMER BUDGET: INHERITANCE TAX PERKS, BUT HIGHEST EARNERS SET TO BE HIT BY CHANGES TO PENSION TAX RELIEF «It is...

«While a consultation period will take place to determine a wider reform of pensions tax relief, the fact is that over # 50bn is saved by taxpayers via tax relief on pensions, more than total government expenditure on defence ³.