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LABOUR'S PLANS ON PENSION FUND TAX BREAKS PROMPT CONCERN

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The National Association of Pension Funds has 'deep concerns' about Labour proposals to remove tax breaks for funds...
The National Association of Pension Funds has 'deep concerns' about Labour proposals to remove tax breaks for funds, reports the Financial Times (p10).

At its annual conference today, association director-general Ann Robinson will warn the government that it would be a serious mistake to reduce or stop the advance tax credit enjoyed by the funds.

The association believe chancellor Gordon Brown is planning to change the 20% tax credit for pension fund dividends in his first budget.

Labour's manifesto says it will review the corporate and capital gains tax regimes, and the association is concerned the party's pledge not to raise income tax will see other tax hikes.
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