“It would be seen to be spreading the cost of Covid amongst older, wealthier taxpayers,” she said.
“This would counterbalance the charge that the poor and young have so far been hardest hit by post pandemic tax rises, particularly the 1.25 percent health and social care levy.”
To ensure people aren’t in for a nasty shock, Ms Ingram recommends that investors look into what they can do to offset some of the costs.
People are legally allowed to sell, transfer ownership or put a certain amount into an ISA.
Published at Wed, 13 Oct 2021 12:10:00 +0000