Wednesday, 29 April 2009
50% and all that again
Although now it's 60% which is the effect of the £1 for £2 reduction in personal allowance for those over £100000 per annum. Pensioners who are lucky enough to get about one fifth of this income have suffered the same 60% as their extra personal allowance is clawed back. This has being going on for years but the media hasn't said much about it.