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Home Research areas Savings, pensions and wealth Taxation of savings, pensions and wealth

Taxation of savings, pensions and wealth

In attempting to raise a given amount of tax revenue, the government can choose which tax base to target. In the UK, some revenue is raised from taxing the return to savings and investments and from taxes on property (e.g. council tax) and the sale and transfer of assets (stamp duties and inheritance tax). The UK does not, unlike some other countries, levy an annual wealth tax.  We examine the economic rationale for taxing different forms of activity and explore (theoretically and empirically) what effect the tax treatment of savings, pensions and wealth has on how much individuals save, what form they choose to hold their assets in, and when and how they sell or transfer assets.

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James Banks
Co-Director, CPP
Carl Emmerson
Deputy Director
Richard Disney
Research Fellow
Gemma Tetlow
Programme Director
Antoine Bozio
Research Fellow
Cormac O'Dea
International Research Fellow
Rowena Crawford
Associate Director
Soumaya Keynes
Research Economist
Andrew Hood
Senior Research Economist
Daniel Chandler
Research Economist
Katy Heald
Seconded from HM Treasury