National IFA attacks Lib Dem 'anti-savings agenda'

LEBC group director of individual savings & investments Kay Ingram (pictured) said Clegg's proposed 'tax hikes for the middle classes', including a reduction of the tax efficient lifetime pensions savings allowance and hike of capital gains tax, are "short-sighted" and would catch many more middle earners in higher tax brackets. The policies could have "long term repercussions that would leave the younger generation having to pay more in tax later to support the retired population whose savings had been diminished by this tax raid", Ingram said. According to a report in the FT Clegg a...