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Shorten unveils large small industry tax lower

Accusing the prime Minister Tony Abbott of now not going some distance sufficient in efforts to reignite the economy, the Opposition chief referred to as for bipartisan support for a coverage to scale back small trade tax through 5 proportion factors. The policy, estimated through the …
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Small trade wins 1.5% tax cut

“A two-tiered firm tax fee would introduce an important distortion in our tax device at a time when all companies are struggling to stay aggressive in a softening economic system,” BCA chief executive Jennifer Westacott said in February, when rumblings of a …
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bill O'Reilly's inequality disaster: Fox information' loudest pundit makes a complete

O'REILLY: This 12 months 2015 the feds will collect extra tax bucks than ever prior to in the historical past of the U.S.A. — about $ 3 trillion. That's as a result of considering taking administrative center, President Obama has proposed a … And one may well be somewhat more sympathetic to the …
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Edinburgh, Scotland (PRWEB UK) 25 may 2016

research from standard existence has found that almost all of UK full time workers don’t know what the higher fee earnings tax threshold is. When asked to pinpoint from an inventory of 4 options what they thought the extent was once for the new tax 12 months 2016/14, the bulk (56%) got it unsuitable and a further thirteen% said they didn’t understand.

Fewer than one in three people (31%) understand the higher fee tax threshold is going to be £forty one,450* for 2016 whereas nearly two in 5 (37%) thought the threshold was once greater than it if truth be told is.

Julie Russell, Head of purchaser Relationships at standard existence mentioned of the consequences: “Our analysis suggests folks aren’t paying close consideration to tax thresholds, because of this they could simply move into the higher charge tax bracket without realising. With efficient tax planning it can be possible to steer clear of this, so knowing the brink is necessary.

“Paying into a private or agency’s pension scheme is the most simple approach to minimise your profits tax burden and it has the introduced bonus of bumping up your retirement savings and reaping the tax advantages of investing in a pension scheme on the comparable time.”

it’s estimated that 4.2 million folks** at the moment pay higher rate tax. From 6 of April 2016, the tax threshold is dropping from £42,476 to £forty one,450 and so much more individuals will start paying forty% tax on their earnings above the edge until they take action and benefit from alternatives to be had to them equivalent to tax environment friendly financial savings.

Notes to Editors:

All research figures, unless in any other case mentioned, are from YouGov Plc. complete pattern measurement was once 2059 adults of which 1073 work full-time. Fieldwork was once undertaken from 25 – 28 January 2016. The survey was carried out on-line. The figures were weighted and are consultant of all UK adults (aged 18+).

*source of all tax figures is HMRC

**source of number of larger fee tax payers is Institute of Fiscal studies:

About same old lifestyles:

centered in 1825, standard existence is a leading long run financial savings and funding company, with round six million buyers international. by way of working out and offering innovative products to meet its clients’ desires, same old existence helps folks with their financial planning, so they can feel extra confident in regards to the future.

same old lifestyles deals a range of particular person and crew pensions, SIPPs, ISAs, annuities, lifestyles assurance, offshore bonds, funding administration, wealth administration, tax planning and property management products and services.

standard existence is headquartered in Edinburgh and employs around eight,500 people across the uk, Canada, eire, Germany, Austria, India, usa, Dubai, Singapore, Hong Kong mainland China. at the finish of December 2016 the group had complete assets beneath administration of over £218bn.

same old life %is listed on the London stock change and has approximately 1.5 million individual shareholders in over 50 nations around the world.

standard lifestyles percentis also listed in the Dow Jones Sustainability Indexes (DJSI World) in popularity of its performance as probably the most world’s top sustainability-pushed listed companies.

you could practice usual lifestyles press place of work (@sl_press) on

PR Contact:

Nicki Lundy

Senior Media Affairs supervisor

usual existence house

30 Lothian road



0131 245 1365


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