| UPDATED: 13:28, Wed, Mar 10, 2021
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The Chancellor unveiled his Budget last week as many in the country braced for tax increases. Reports had indicated the self-employed could get hit with increased national insurance contributions and pension tax relief could be taken away. But the Budget was light on major tax reforms, to the relief of many in the country. But an expert tells Express.co.uk that, just because many came out of last week s announcements unscathed, this doesn t mean tax increases won t emerge in the future. Pensions director at Aegon, Steven Cameron, said there ma
| UPDATED: 19:26, Mon, Mar 1, 2021
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Chancellor Rishi Sunak will announce his Budget on Wednesday, and while some details of tax rises are clear, others are wondering whether they could also be hit. One group that has been warned of incoming tax hikes is the self-employed, who are likely to see some perks taken away. Reports have also suggested pensions could be targeted by a stealth tax” by the Chancellor in the Budget, as the Times claimed last week. Mr Sunak is said to be planning a freeze on the lifetime allowance, the amount people can build up in their pension pot before
| UPDATED: 10:39, Thu, Feb 25, 2021
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Chancellor Rishi Sunak will announce his Budget next week, and heated debate has already begun over who should take on the burden of paying extra after the coronavirus pandemic has hit the UK economy. Reports indicate that the furlough scheme will be extended to help those still unable to work and the Universal Credit uplift of £20 is likely to remain in place. But the Chancellor has also hinted at tax rises, with Mr Sunak likely to raise corporation tax and capital gains tax to target big businesses and the wealthiest. Meanwhile, more than t
RISHI SUNAK could target pensions tax relief as early as the next Budget, experts have warned, as the UK economy continues to struggle in the wake of the coronavirus crisis.