Last quote by Tom Selby
The lifetime allowance has been 'salami sliced' in successive cuts to the point where it isn't just an attack on savings incentives for the ultra-rich. While £1m might sound like a lot of money, for a 65-year-old couple it buys a 'joint-life' inflation-linked annuity worth around £21,000 a year. A healthy income but not one you'd associate with being a millionaire. At this level, the lifetime allowance feels like an extremely low bar to set if the aim is to turn Britain into a nation of strivers and savers.feedback
Sep 23 2017
Tom Selby has most recently been quoted in an article called Up to 200, 000 savers have paid too much tax on pension withdrawals. Tom Selby said, “Thousands of people who think they are using the new regime sensibly will have been hit with shock bills, and this will continue unless HMRC rethinks its draconian application of 'Month 1' tax.”. Tom Selby has been quoted a grand total of 4 times in 4 articles.
Take our quote verification challenge and find out !
Quotes by Tom Selby
Jul 28 2017
Thousands of people who think they are using the new regime sensibly will have been hit with shock bills, and this will continue unless HMRC rethinks its draconian application of 'Month 1' tax.feedback
Mar 21 2017
The Lisa has the added flexibility of being a retirement savings vehicle too, so if you no longer need the money for a house, it can be withdrawn tax-free from age 60.feedback
Mar 11 2017
The first step for anyone who might be affected is to make sure they are putting as much as they can in Isas and pensions, which, next tax year, is £20,000 for Isas and up to £40,000 for pensions. Not only that, it makes sense to ensure that their higher dividend-paying investments are moved into these products before investments that are more focused on capital growth. This will ensure they can minimise the cut to the dividend allowance as much as possible.feedback
Check if the quote you read on social networks is authentic
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided