Industry 'horrified' by Lib Dems threats to savings tax relief

As the party gears up for its annual conference, activists are looking for ways to support the party's principles of fair and rigorous taxation. Liberal Democrat spokesman Henk van Klaveren confirmed a general consultative session on taxation is planned for party members at this month's conference, and that cutting tax-free ISAs and tax relief on pension contributions for the wealthy have been mooted for possible discussion. Pension contributions up to £50,000 per year or £1.5m for life qualify for tax relief at individual's marginal rates. Individuals can also save up to £11,280 per ...