These include amendments to ensure that Scottish taxpayers with relief at source pension arrangements continue to benefit from the correct amount
of tax relief on their pension contributions while also ensuring that starter and intermediate rate Scottish taxpayers continue to benefit from marriage allowance.
CentreForum's analysis shows that this can be paid for through a combination of removing higher
rate tax relief on pension contributions, a «mansion tax», increasing capital gains tax to the same level as income tax and removing some of the benefits currently received by better - off pensioners.
The party plans to make up the money by
restricting tax relief on pension contributions to the basic rate, taxing capital gains at marginal income tax rates, allowing for indexation and retirement relief, tackling stamp duty land tax avoidance and corporation tax avoidance and by subjecting benefits in kind to national insurance contributions as well as income tax and applying national insurance to multiple jobs.
The Tory leader dismissed Labour's allegations that he would spend # 16bn on reversing the new 50p tax rate on earnings above # 150,000; on overturning Labour's decision to
lower tax relief on pension contributions by high earners; on cutting taxes for married couples; and on scrapping stamp duty on shares.
His piece (summarised here for those without a Times subscription) refers to Nick Boles's proposed land tax, a mansion tax, an end to
tax relief on pensions contributions at the 40p rate, and new council tax bands for more expensive properties.
Many predict Osborne will raise the personal allowance (the amount one can earn before paying income tax), implement
a tax relief on pension contributions, and / or scrap the 50p tax rate.
The # 110bn cost of the plan would be paid for by the abolition of pension credits and of
tax relief on pension contributions.
Tax relief on pension contributions of # 37bn is heavily skewed towards the better off.
The top 1 % of earners grab the lion's share of the # 37bn set aside by the Treasury for
tax relief on pension contributions to enhance their already generous retirement plans, the union body said ahead of its conference next week in Liverpool.