Gibraltar's Government announced on 15th July that, with effect from the tax year commencing 1st July 2008, persons aged 60 or over and who have no occupational pension benefits, will be eligible for a Tax Credit of up to GBP4,000 in respect of their earned income for the year.
The government explained that the Tax Credit aims to ensure that those persons who feel the financial need to carry on working beyond the age of 60 as a result of not having had an opportunity to save for their retirement by way of a pension scheme, will pay no tax on the first GBP20,000 of their earned income.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment