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Tories will not scrap tax taper
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as a result, pensionsers with savings income which takes them above Â22,900 will still end up paying 10% tax on it as their allowance is reduced .
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income from savings george osborne's office confirmed told money box in some specific circumstances the effect is a Â10% marginal tax rate on savings, but this is still lower than the 30% marginal tax rate that exists today .
we will continue to taper away the allowance for reasons of affordability given the state of the public finances and the limited resources available .
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allowance increase george osborne also confirmed that he would increase the tax allowance for those over 65 by Â2,000 from its 2009/10 level taking it to Â11,490 for those aged 6 -74 and Â11,640 for the over 5s .
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shadow chancellor george osborne told the bbc he could not afford to end the anomaly as part of other tax reforms .
陰の大臣のジョージのosborneは彼が他の税制改革の一部として変則を終えることをできることができなかったbbcを告げた。
Generated 2009-1-12_22:5
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