Pensions
The 2020 Tax Commission cuts the real Basic Rate from 40% to 30%
What is the real Basic Rate? It isn’t 20 per cent. That is just Income Tax. You also pay Employees’ National Insurance of 12 per cent and Employers’ National Insurance of 13.8 per cent, taken out before the money even reaches your payslip. Add those taxes together and the real Basic Rate is 40 per [...] Read the rest of this entry »
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New Research: £1 in every £5 of Council Tax goes on council pensions
The TaxPayers’ Alliance (TPA) reveals that the equivalent of £1 in every £5 of Council Tax raised in the UK is spent on council pensions. A new TPA report also details the explosion in the number of councillors claiming council pensions. Despite supposedly being volunteers, there are now 4,548 councillors on the Local Government Pension [...] Read the rest of this entry »
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