Tax allowances

actually I do think that the tax relief for higher tax payers on their pension contributions must be reduced. We have seen how certain bankers retire early on massive pensions, and we the low paid have paid for it by giving a subsidy on their taxes.

We should increase the tax rate so that it covers income tax and national insurance, and the television licence fee, but we must also deal with all tax allownaces, I say get rid of them altogether. mind you it would put an awful lot of tax advisers out of business. As for Capital Gains Tax we might as well get rid of that as well as I consider that it is costing more to collect than is actually collected, by the time you work out the total cost of tax inspectors and accountants.

I would say in repsect of pensions that I have one from a former employer, why should the taxpayer have to subsidize my quality of life. Pensions are to support you in old age as deferred pay, not to let you live the high life as per some former bankers.