Tax Simplification in the UK
Clients deserve a fairer deal than the current UK tax tangle, which has been promised to be simplified for decades.
The UK's tax system is a complex issue, with advisers struggling to champion fairness for clients due to unfair rules.
But not too much or you'll get a tax penalty. Spend more! But make sure you have enough to pay for future needs, such as care, because the tax take isn't enough to support the national care system.
Financial services professionals are tired of having to navigate the complex system, which discourages savers and wraps everything in red tape and contradictory incentives.
- Isas are affected by red tape
- Inheritance is affected by contradictory incentives
- Investing has tax incentives and disincentives
Author's summary: UK tax system needs simplification.
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