Reeves planning national insurance on employer pension contributions, as workers spared October 23, 2024 The move would raise £15.4bn, which would go a long way to filling the £40bn which Reeves hopes to raise through a combination of tax rises and spending cuts.
Capital gains tax could be hiked to almost 40 per cent October 10, 2024 Capital gains tax could be hiked by Chancellor Rachel Reeves to almost 40 per cent in the Budget, according to reports. The Guardian has reported that the Treasury is modelling a range of between 33 per cent to 39 per cent. Around 350,000 people pay the wealth tax with is levied on the sale of [...]
Reeves mulls £100,000 cap for tax-free pension lump sum October 9, 2024 Under the current regime, most savers can take 25 per cent of their pension pot tax-free once they reach the age of 55, up to a limit of £268,275.