I've been listening to the budget statement and while most of it is just small measures (as you'd expect under the circumstances) a couple of measures have caught my eye:
I am usually unremittingly critical of the Coalition government in general and George Osborne in particular but both of these seem like sensible moves to me, the former to reduce tax avoidance/evasion and the latter to provide more flexibility on retirement. I may now look to put more money into my pension fund because I'll have more flexibility.
This does not let the government off the hook on the measures they have implemented over the last couple of years which seem to have hit the poor disproportionately whilst reducing marginal tax rates for the very richest but credit where credit is due for two IMO sensible policies.
Edited to add this link to the BBC news story:
http://ift.tt/1gMTMsx
- Stamp duty on homes over £500k bought by companies will rise to 15%
- It will no longer be mandatory to buy an annuity with a pension fund
I am usually unremittingly critical of the Coalition government in general and George Osborne in particular but both of these seem like sensible moves to me, the former to reduce tax avoidance/evasion and the latter to provide more flexibility on retirement. I may now look to put more money into my pension fund because I'll have more flexibility.
This does not let the government off the hook on the measures they have implemented over the last couple of years which seem to have hit the poor disproportionately whilst reducing marginal tax rates for the very richest but credit where credit is due for two IMO sensible policies.
Edited to add this link to the BBC news story:
http://ift.tt/1gMTMsx
via JREF Forum http://ift.tt/1gPz5vZ
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