The UK Government has rejected proposals which would allow people to pay their mortgage through their wages before any tax or National Insurance deductions are made, in a similar way to pension contributions. The proposals in the online petition, created and posted on the official petitions-parliament website by Aqad Zane, has received more than 25,357 signatures of support, at time of writing.
The response from the Treasury said: “The government does not believe that allowing tax-advantaged salary-sacrifice schemes for mortgage costs in the most effective way to target support to those who need it most. The tax relief would be of greater benefit to those paying higher rates of tax with the most expensive properties and would only benefit those in employment.”
It added: “A new relief would have to be paid for, at least in part, by increased taxes for other taxpayers or reducing expenditure on public services.”
