Government confirms 82% tax on death of member in ASP
The recent Budget confirmed that the government plans to proceed with its plans to charge tax totalling 82% of the remaining funds on death in Alternatively Secured Pension. We regard this as both unnecessary and unfair and have written to Ed Balls explaining our concerns on this and asking him to reconsider, even though it seems that the government has made up its mind on this. A copy of our letter to Ed Balls is shown on our website at http://www.alliancetrust.co.uk/news_views.htm. We have also prepared a detailed background note on this subject which can be downloaded from here http://www.alliancetrust.co.uk/media_press_releases.htm.
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Alliance Trust Savings Limited
131 Finsbury Pavement
London
EC2A 1NT.
Tel: +44 (0)20 7496 1400
Fax: +44 (0)20 7496 1444 Email: advisersupport@alliancetrust.co.uk
Web: www.alliancetrust.co.uk Telephone calls may be recorded for training and security purposes.
Alliance Trust Savings Limited is registered in Scotland No. SC 98767, authorised and regulated by the Financial Services Authority and gives no financial or investment advice. Full statements on our privacy policy, related policies and statutory legal information are available on our website www.alliancetrust.co.uk. ‘alliancetrust’ is the brand name of Alliance Trust PLC and its subsidiaries.
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