Saving And Death Duties
Sir, —I agree entirely with “Golden Egg.” From personal experience. I know only too well how the hard-earned savings of a lifetime can disappear in death duties, when the Inland Revenue Department puts out its hand to grab. And. as if that is not enough, interest is asked for if death duties are not fully paid up within four months after date of death. What estate, I ask you. can be wound up in that short time? Surely, it is high time that something was done to get rid of this very unfair tax. Over the years, and each time a new Government loan is required, we are told, over the air and in other ways, that it is our duty to put money into it. National Savings, too, are brought to our notice. Why ask people to save when there is a penalty to pay for doing just that? It just does not make sense to me, either. —Yours, etc.. FARMERS WIDOW. September 10. 1963.
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Press, Volume CII, Issue 30233, 11 September 1963, Page 7
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170Saving And Death Duties Press, Volume CII, Issue 30233, 11 September 1963, Page 7
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