tax

Removing basic rate tax on savings accounts, proposed by Conservative leader David Cameron yesterday, could boost investment in stocks and shares, according to Interactive Investor (II).

David Cameron says he would abolish basic rate tax on savings if the Conservatives were in power.

Skandia International has launched a series of technical documents designed to help financial advisers provide tax advice to international clients.

The Chancellor's Pre-Budget Report amounts to a £2.3bn raid on pension schemes, according to Skandia.

A volatile stockmarket and low interest rates will lead to a boom in structured products next year, administrator Opal says.

Pension savers in schemes set up before A-Day should move quickly to protect their benefits from onerous tax charges, says Rowanmoor Pensions.

Thousands more pension savers face a 55% tax charge after the Government revealed it will freeze pension allowances until 2016.

High earners may find pension savings more attractive following the Chancellor's hike for those earning more than £150,000.

The UK economy will only start to recover in 2010 with economic output forecast to fall by more than 1% in 2009, according to Chancellor Alistair Darling.

The Confederation of British Industry (CBI) has outlined a ten-point action plan to boost the economy ahead of today's Pre-Budget Report (PBR).