I am writing in response to the column by Tony Hazell (4 September) about the potential for higher rate tax relief to be scrapped after the next general election, he and many others tend to forget, tax relief is the return of tax already paid, this is the incentive to invest money for the longer term and for the benefit of all. If it grows then more tax is paid on it.
If I pay tax at basic or higher rate and this is then “repaid” with a pension contribution how is that unfair, its the same for us all.
Managing Director
Fraser James Partnership
Galashiels
