Tags: Income tax

Calls for state pension levy to be dropped

The levy on state pensions should be lifted, saving pensioners around £1,000 a year in Income Tax, according to the Office of Tax Simplification (OTS). Tax advisers for the Treasury said that the current rules for those in retirement are confusing and many feel that the deduction is unjust. More than five million people on…

Government should cut tax reliefs for the super-rich, not their tax rate

Responding to a letter to the Daily Telegraph today (Thursday) calling on the Chancellor to scrap the 50p tax rate in the Budget, TUC General Secretary Brendan Barber said: ‘It’s not surprising to learn that rich people want to pay less tax. What is worrying is that many in government are encouraging them to confuse…