The budget: what it might mean to you

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How you are currently taxed, what the new chancellor might change, and what, if anything, you can do about it

Tax relief has long been a core incentive to encourage saving for retirement. If you earn £30,000 a year and save £2,000 into a pension, you get £400 in tax relief. If you earn £80,000 a year and put £15,000 into a pension, you get £6,000 in tax relief . Effectively you obtain tax relief on whatever the maximum “marginal” rate of income tax you are paying is.

 

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Looking after the fat cats.

Nothing. It is for the rich & fat cats. Capitalism only benefits the rich.

Robbery of the working classes and more tax avoidance schemes for the rich, couched in nonsense language

Why bother using a photo of the Chancellor when everyone and their pets know he is only a sinecure for the Prime Minister and his Chief SPAD?

SKBtweet have a look!

It will kill y ou

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