Johnson: Cull higher-rate tax relief in favour of 10p rebate

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The government should scrap higher-rate tax relief and reinstate the 10p rebate on pension funds' dividend payments in this month's Budget, an economist says.

In a paper outlining steps to make saving incentives more efficient, Centre for Policy Studies research fellow Michael Johnson argues the current system is "crude and misdirected". He told PP: "...

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