Income tax: Rishi Sunak’s ‘stealth tax raid’ could cost you £6,500 | Personal Finance | Finance


Laura Suter, head of personal finance at AJ Bell, said: “In a swift about-turn, a nation that was getting tax breaks across the board just weeks ago is now braced for an onslaught of tax rises in this week’s statement. 

“The new chancellor has the unenviable task of filling the Government’s financial black hole, tackling the current cost of living pressures and not deepening the UK’s recession, all while keeping markets on side.

“In a bid to avoid spooking markets again, the Chancellor Jeremy Hunt’s approach seems to be to leak everything so that no-one is surprised when he gets up at the dispatch box. 

“From extending the freeze on tax allowances to a rumoured reduction in the threshold for the highest rate of income tax, the rabbits are already out of the hat.”

READ MORE: ‘Pensions death tax’ warning as Hunt move threatens inheritances



Read original article here

Denial of responsibility! Samachar Central is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment