Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a639285
Gov't to target pensions tax relief in squeeze on wealthy
by Alex Steger on Dec 03, 2012 at 07:46
Chancellor George Osborne is set to bow to pressure from the Liberal Democrats to target pensions tax relief in his Autumn Statement, according to reports.
The Sunday Times reported that Osborne was expected to reduce the annual allowance from £50,000 to £40,000 and was also considering cutting the level of pension tax relief higher earners can claim.
According to the Sunday Times the pensions move is part of a ‘deal’ with Lib Dem leader Nick Clegg who agreed to restrictions on the welfare budget on condition that high earners faced tax increases.
The Daily Mail reported that stamp duty on multi-million-pound home purchases could be increased.
News sponsored by:
Today's top headlines
iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.