Average household will pay more than £800k tax over a lifetime

According to research by the TaxPayers’ Alliance, the average family in the UK will pay over £800K in tax over a lifetime, the equivalent of over 20 years’ worth of income. Commenting on the findings, chief executive of the alliance, John O’Connell, said: “With a new administration in place, now is the time to introduce radical reforms to our tax system and spending priorities to ease the pressure on ordinary taxpayers and boost economic growth.”

Are you fully content that your personal or business tax affairs are up to date and are you sure that you aren’t paying too much tax? If you would like to discuss any aspect of your tax affairs, please get in touch with us. Our experts at Beavis Morgan will guide you through the tax maze and help you with bespoke solutions. For personal tax planning advice, please contact Alan Ford or get in touch with your usual Beavis Morgan Partner.