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LATEST NEWS & EVENTS Over 55s 'concerned about tax rises'  There is a considerable level of concern among consumers aged over 55 about possible tax rises. This is according to research conducted by Aviva, which revealed that such people are anxious about changes to the tax regime and the increasing cost of living. Of those polled, 64 per cent expressed worries about levies going up over the course of the next five years. Meanwhile, 68 per cent of the newly retired - those aged between 65 and 74 - reported such anxiety. It was found that people over 55 consider taxation changes to be more of a potential problem than health issues such as the death of their partners. Clive Bolton from Aviva Life said: "With the election over and the government taking a serious look at the UK's income and expenditure, it is interesting to see that ... over 55s are more afraid of tax increases than serious illness." The new Conservative and Liberal Democrat administration formed in the wake of the general election earlier this month will have to find ways of reducing the Budget deficit that mounted out following the banking bailout. 
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