Boris Johnson’s plans may not be good for long-term retirement saving
Thursday 13 Jun 2019 Author: Daniel Coatsworth
A pledge by Boris Johnson, in the running to be leader of the Conservative Party, to cut income taxes for a large number of people should he become prime minister isn’t necessarily positive for many people’s retirement savings. His pledge to raise the higher-rate income tax threshold from £50,000 to £80,000 would see higher earners pay up to £6,000 less in income tax each year. However, the move would...