The Conservatives will reverse the effects of Labours abolition of dividend tax credit for pension funds.
Following George Osborne's speech on the economy earlier today, the Party has published details of its plans to improve Britain's savings record. The document, A New Economic Model: Eight benchmarks for Britain, revealed the Conservatives plan to reverse the effects of Gordon Brown's abolition of dividend tax credit on pension funds. Many have blamed Labour for failing pension savers when it removed the tax credit, which allowed tax-exempt shareholders such as pension funds to receive a boost to income through gross dividends. Osborne says the plans would not be introduced immediat...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes