Steve Webb
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 58 |
| Date of birth | July 18,1965 |
| Zodiac sign | Cancer |
| Born | Birmingham |
| United Kingdom | |
| Spouse | Helen Webb |
| Party | Liberal Democrats |
| Prime minist | David Cameron |
| Education | Hertford College |
| Q3 Academy Great Barr | |
| Previous position | Member of Parliament of the United Kingdom (1997–2015) |
| Official site | heyyouitsmestevewebb.com |
| Books | Tanka Tanka Skunk! |
| Children | 2 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 406327 |
Steve Webb Life story
Sir Steven John Webb PC is a British pensions commentator who was previously Liberal Democrat Member of Parliament for Northavon from 1997 to 2010 and for Thornbury and Yate from 2010 to 2015. He was the Minister of State for Pensions in the coalition government of David Cameron.
Triple lock means state pension set to rise by 8. 5% in April
... Sir Steve Webb, a former pensions minister and now partner at consultants LCP, estimated that the number of taxpaying pensioners would rise by around 650,000 to 9...
Mothers could have missed out on £1bn in state pension
... Sir Steve Webb, a former pensions minister who is now a partner at LCP, said: " The scale of these errors is huge...
Customers withdraw record amount of savings in May
... Former pensions minister Steve Webb, now a partner at consultancy LCP, said: " A combination of high inflation and frozen tax allowances means that well over eight million people aged 65 or over are now paying tax, a doubling in the last two decades...
Pensions: Tax overpayment of £1bn prompts reform call
... A system based on systematic over-taxing of pension savers cannot be right, " said Sir Steve Webb, a former pensions minister and now a partner at consultants LCP...
Bank of England boss tells investors pensions help must end
... However, former pensions minister Steve Webb, who now works for pension consultants LCP, said he thought Mr Bailey may have to extend the help...
Pensions scandal: Even more women were underpaid
... Former pensions minister Sir Steve Webb, who is now a partner at consultancy LCP, said the DWP had also admitted to an error in which credits for time at home with children - previously known as home responsibilities protection - may be missing from people s National Insurance records and therefore affect their state pension...
Two million more people paying higher rate tax
... Countering this approach, former Liberal Democrat pensions minister Sir Steve Webb said that " paying higher rate tax " used to be reserved for the very wealthiest"...
Pensions: Millions receive wrong amount 'for decades'
... Mind-blowing errorsSir Steve Webb, who served as pensions minster between 2010 and 2015, said he d never been alerted to the problem...
Two million more people paying higher rate tax
There are almost two million more higher and additional rate taxpayers in the UK, according to HM Revenue and Customers (HMRC).
The Number of people paying 40% or 45% tax has risen from 4. 25m to More Than 6. 1m workers since 2019, figures show.
It Comes as prices and workers and unions push for pay rises to cope.
The Treasury has been urged to re-examine tax brackets, but it said most tax payers still paid the basic rate.
It had taken " tough but responsible decisions" to " avoid saddling Future Generations with more debt" after record levels of borrowing during the pandemic, it said.
" Maintaining Income Tax thresholds is a progressive approach. The vast majority of taxpayers will still pay the basic rate and the UK still has the highest personal allowance in the G20, " the spokesperson added.
Countering this approach, former Liberal Democrat pensions minister Sir Steve Webb said that " paying higher rate tax " used to be reserved for the very wealthiest".
But this has changed " very dramatically" in recent years, added The Partner at consultants LCP.
" People who would not think of themselves as being particularly rich can now easily face an Income Tax rate of 40% and around 1 in 5 of all taxpayers will soon be in The Higher rate bracket, " He Said .
Higher rate taxpayers paying 40% earn £43,663 or over in Scotland and £50,271 in England, Northern Ireland and Wales. They do not pay tax on The First £12,570 of earnings covered by The Personal allowance.
They represent a projected 16. 2% of the overall Income Tax -paying population in 2022-2023, according to the HMRC.
Meanwhile, additional rate taxpayers who earn over £150,000 and pay at 45% tax Make Up around 1. 9%, it said.
The Number of higher rate taxpayers is expected to rise Further because the tax threshold has been frozen by the government until 2026.
When Income Tax brackets do not move with inflation it is known as " fiscal drag".
This causes more taxpayers to fall into higher tax brackets, increasing overall Income Tax payments and generating more money for the Treasury.
Clive Gawthorpe, partner at accountancy firm UHY Hacker Young said the government needs to " urgently" examine these tax brackets.
" Due to inflation, taxpayers sucked into The Higher band were already having to make their monthly pay checks stretch Further - Without the additional burden of higher tax, " he added.
Source of news: bbc.com
Steve Webb Photos
