Wednesday, 22 April 2009

Making it easier to be rich ...

Dear Mr. Darling,

A recent look at NatWest's 'fact sheets' for savings accounts suggests that anyone with mroe than 50k in savings will get interest without tax deducted , whereas those with less will have tax deducted - at source - at basic rate.

Doesn't this seem unwise and, more important, unfair? Why should rich savers get to pay their tax later than less well-off savers? Why should we trust rich savers but not poor ones?

If you're really looking for loopholes to close, this certainly sounds like one, don't you think?


Tim Lennon.

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