In the News
2023 Budget - A Budget for the Rich?
20th March 2023
The distributional effects of the 2023 Budget have been raked through a fair bit, and the same theme emerges. It seems to disproportionately benefit the wealthy, not least in the changes to taxing pensions.
In this case, the Observer alights on the fact that it seems to allow the wealthy a greater chance of passing on their inheritance tax free, by piling money into their pensions rather than subjecting it to Inheritance Tax.
Please read: Jeremy Hunt’s ‘bizarre’ ditching of pension limit ‘widens inheritance loophole for wealthy’
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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