Category: Budget News

Budget 2016 – what this means for you

Budget 2016 It’s business as usual for pension saving as the Chancellor confirmed there will be no imminent changes to pension tax relief. And the introduction of the new LISA saving vehicle from April 2017 adds another attractive complementary option to the saving landscape. Taken together with cuts in CGT rates, further boosts in income...

The 2016 Budget at a glance

George Osborne presented his April 2016 Budget as a “Budget for future generations”.     Here’s the 2016 Budget at a glance – the main points are summarised below.   Income Taxes Personal allowance to increase to £11,500 in 2017/18 Higher rate tax threshold to increase to £45,000 from 2017/18 Class 2 NICs for self-employed...

Pension Tax Relief stays untouched by Chancellor

Relief as pension tax stays untouched The Chancellor’s decision to defer any major changes to pension tax relief is a sensible one, with automatic enrolment at its peak and the pension freedoms still bedding in. The fact that the Government has conducted such an open debate on incentives to save has been useful though. Not...

Your top ten Budget questions answered

The Budget and Finance Bill have seen a significant surge in the number of queries we’ve been receiving. This special Budget Insight takes a look at your top ten questions to us and how this might affect your clients and the future advice they may need. Top ten Budget questions answered:- Hot topics have included;...

Budget 2015 : At-a-glance

Budget 2015 George Osborne has delivered his seventh Budget as chancellor, the first for a majority Conservative government since November 1996. Here is a summary of his main announcements. Personal taxation and pay New national living wage will be introduced for all workers aged over 25, starting at £7.20 an hour from April 2016 and...

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