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Chancellor considering £100,000 lump sum limit – reports
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investmentweek.co.ukThe Telegraph reported the cap was being considered as part of the government's economic plan in a bid to plug the £22bn public finance deficit. It said the lump-sum limit may be reduced by two thirds to £100,000 «after recommendations from think tanks». The Institute for Fiscal Studies recently recommended such a move. The change could affect well-paid public sector earners, however. Quilter NHS pension specialist Graham Crossley warned the government must «tread carefully». Think-tank IFS urges government to carry out 'serious' capital gains tax reform «A move like this could ...
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