TITLE

L&G offers pension tax alternative

AUTHOR(S)
Pow, Helen
PUB. DATE
June 2009
SOURCE
Money Marketing;6/25/2009, p68
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on Legal &General's scrapping of budget proposals on higher-rate pension tax relief in favour of annual contribution allowance to £50,000 in Great Britain. The firm stated the said annual allowance would generate £3.1 billion annually for the Treasury similar as that expected from Chancellor Alistair Darling's budget proposals. Wealth policy director Adrian Boulding expressed that this would encourage people to defer income these days and take it in the future.
ACCESSION #
43380955

 

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