.png)
.png)
From cradle to grave
Key points
- Income tax and National Insurance should be simplified to help people as they reach various stages in their lives.
- Claiming child benefit can be fraught with problems because of the high income charge and the effect it has on National Insurance.
- The tax treatment of pensions can be complex for all individuals – from the highly paid to the lowest.
- HMRC offers support for those who need help but should make it easier for all concerned to access it.
- People would benefit if tax education began at school.
The report Simplifying tax for individuals by the Office of Tax Simplification explores how income tax and National Insurance affect individuals going through significant life events ( tinyurl.com/otsoctrep). It shows when particular difficulties arise and suggests or recommends practical ways to simplify and improve taxpayers’ experiences.
The life events include changes to family or working...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
