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Ex-Chancellors pile pressure on Osborne to cut taxes for middle earners

Former Conservative Chancellors Lord Nigel Lawson and Lord Norman Lamont are calling for tax cuts on middle earners ahead of next week’s Budget. Speaking to the Telegraph, Lord Lawson said fewer people should be paying the 40p rate while Lord Lamont told the BBC action was needed. Lord Lawson, who was Chancellor from 1983 to […]

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Budget 2014: HMRC gets greater powers to fight tax avoidance

Chancellor George Osborne will boost HM Revenue & Customs’ powers as part of plans to tackle tax avoidance. He says the Government will “modernise and strengthen HMRC’s debt collection powers.” The Government plans to give HMRC the power to recover tax directly from debtors’ bank accounts where they owe more than £1,000 and have previosuly […]

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Govt to block public sector pension transfers to prevent ‘mass exit’

The Government will ban public sector pension members from transferring out of their defined benefit scheme as part of reforms announced by Chancellor George Osborne in the Budget. It will also consider whether to ban all DB to DC transfers. Experts say the move is designed to prevent large numbers of public sector workers ditching […]

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Trustnet D2C platform gives out incorrect tax info to investors

Trustnet Direct has been found to be giving investors inaccurate guidance on pension tax relief less than a week after the direct platform’s launch. The fund data provider launched its D2C platform last week with a £200 cap on annual charges and plus £10 fund and share dealing costs. Explaining Sipp tax relief rules on its website, […]

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