Only 10% of Britons using IFA for IHT – Fidelity
December 20, 2009 by admin · Leave a Comment
Just one in ten (10%) Britons are consulting an accountant or IFA on tax planning issues, research from Fidelity International suggests.
Yet tax illiteracy is rife, with an estimated 33 million UK tax payers saying they are confused about how the system works.
Advertisement Over one in seven (15%) UK taxpayers say they are unaware which tax band they are currently in.
Among those claiming to know over a quarter (26%) of people with taxable income in excess of £50,000 believe they only pay the 20% basic rate of tax.
http://www.ifaonline.co.uk/ifaonline/news/1562052/tax-illiteracy-costing-savers-fidelity
Just one in ten (10%) Britons are consulting an accountant or IFA on tax planning issues, research from Fidelity International suggests.
Yet tax illiteracy is rife, with an estimated 33 million UK tax payers saying they are confused about how the system works.
Advertisement Over one in seven (15%) UK taxpayers say they are unaware which tax band they are currently in.
Among those claiming to know over a quarter (26%) of people with taxable income in excess of £50,000 believe they only pay the 20% basic rate of tax.
http://www.ifaonline.co.uk/ifaonline/news/1562052/tax-illiteracy-costing-savers-fidelity
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