Complexities of savings taxation tackled by OTS
Posted by mostafa on 5 June, 2018
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This item was filled under Tax
The Office of Tax Simplification (OTS) has published a report on the taxation of savings income and identifying areas that might be simplified.
The report found that of UK adults 65% save some of their income and many have a private pension (78% of employees, 17% of the self-employed). Most, 95%, have no tax to pay because of …