As most of you who drop in on my blog would agree, the increase from £6475 to £10,000 in the personal allowance thanks to the Lib Dems in government has been a real help. It has cut tax payments by £700.

I believe it is time to take an even bigger leap forwards. At present we all start paying National Insurance at £7500, and Income tax, (from April) at £10000.

The country is providing pension  tax relief to high income earners which means that those earning the most get tax relief on pension contributions of 40% and 45%. More than 70% of all pension tax relief is going to the richest earners. I support people working hard and getting rewarded but should we pay a £16 billion subsidy to 5 million high earners ? I think not!

If all residents were getting the standard 20% pension tax relief then the government could cut national insurance and income tax payments by as much as £1000 per person!!

Imagine the boost to the economy – £1000 a year back in workers pockets.

This makes so much sense. Let’s see is anyone listens to me.