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50p Income Tax Rate Will Stay
12/01/2012
The Prime Minister has announced that the high-earners 50p income tax levy will remain for the duration of his stay in power. Cameron still insists that this is a temporary measure but the 50p income tax levy needs to be in place in these current times.
Some leading Conservatives have been angered by the Prime Ministers decision to continue with this 50p tax rate, they feel that this is just simply punishing enterprise. The PM has stated that this is a way of raising high levels of tax and if this was not the case the 50p income tax rate would then be removed. During these difficult times the PM is suggesting that we need to pull together as a country and sometimes difficult decisions need to be made. Whether you are a high-earner or not extra cash is always something we are always looking for, see how much money you could free up tax-free by using our Right Equity Release Calculator.
The PM has said he does not agree with new taxes on the wealthy in general but on the other hand does not want to remove the 50p income tax levy and be seen as pandering to the rich. Downing Street voting has proven that this is a very popular income tax among the majority of the voters.
Once figures are produced the HMRC is expected to be able to report that the 50p income tax levy has raised hundreds of millions of pounds. Raising funds could be possible for you too with The Right Equity Release, either for paying off debts, helping family members or even going on a once in a life time holiday. The Right Equity Release Calculator will determine the maximum loan available to you based on your unique circumstances.
New rules are in the pipeline so companies will be forced to share details of their executive’s pay. The Government has suggested that shareholders will have legal rights to veto any excessive pay packages.
Equity release could be a way of safely releasing money from your biggest asset in retirement, your home. The equity that you have accumulated during your lifetime can be safely released in order for you to have more readily available cash to spend, all tax-free. See how much equity you could release by using our Right Equity Release Calculator.
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