Tag Archives: Capital Gains

Government’s £40bn savings subsidies must encourage responsible investment

This post is by Green Alliance associate Chris Hewett, based on a new report Saving for a sustainable future, published today.

The post-Budget row over tax relief for charitable giving has obscured the fact that there are many other tax reliefs given for savings and investment activity. Indeed, the government currently subsidises savings and investments by nearly £40 billion each year in Pension Tax Relief, Individual Savings Accounts (ISA) allowances and Capital Gains Tax relief for residential property sales.  Rather than arguing over whether these should be capped, Green Alliance has been looking at how government might use these subsidies to encourage more responsible investment and transparent banking. Read more