Landlords warn that buy-to-let changes could be next pensions crisis
The National Landlords Association (NLA) has warned that buy-to-let changes could have a significant impact on future pensions. The NLA stated that 70% of buy-to-let investors plan to use property to fund their retirement, meaning that additional taxes will reduce projected income.
The chief executive of the NLA, Richard Lambert, said “As a consequence of Government policy over recent decades, almost 2m people are reliant on their property to fund their later years, but the changing tax regime will substantially reduce the income they receive from these investments and so compromise the retirement plans of a significant number of hard-working people.”
Full story available from Property Industry Eye: http://www.propertyindustryeye.com/landlords-warn-buy-to-let-clampdown-will-hit-retirement-savings/