Category: Tax

  • Is Australia’s pension tax fix relevant for the UK?

    Australia has a feature in its pension system that changes how tax is applied to pension saving for people on low incomes and shows how support can be distributed differently. In Australian superannuation, contributions are taxed at 15% when they enter the fund, and for most workers this is a tax saving because their income…

  • Lord Davies on inheritance tax on pension savings – closing the loophole

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    Lord Davies of Brixton recently, and very kindly, bought me a cup of tea and had a chat with me about IHT. I think he quite clearly sets out the government’s rationale for applying IHT to pension savings and talks us through his concerns. Here is a record of our chat! PG: Why is the…