The week everything changed

Many self-employed workers will be able to claim a taxable grant worth 80% of their average monthly trading profits, to help them cope with the financial impact of coronavirus…   Continue reading

How has the Spring 2020 budget affected you?

What a time to become chancellor of the UK! Rishi Sunak has been thrown straight into the deep end of the economy. How has the Spring 2020 budget affected you?  Continue reading

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 […]  Continue reading

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 […]  Continue reading

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 […]  Continue reading

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; […]  Continue reading

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 […]  Continue reading

July 2015 Budget – what this means

The Chancellor promised a radical Budget – July 2015 Budget Two bites at Annual Allowance (AA) as Pension Input Periods (PIPs) are aligned with tax years from 2016 As a small step towards re-simplification of the pension rules, from 6 April 2016 all pension input periods (PIPs) will be aligned to the tax year. And […]  Continue reading

2015 Budget for all

2015 Budget for all Modern Budgets have become a piece of political theatre and George Osborne certainly didn’t disappoint in this respect, scoring points, almost at will, at the expense of his political opponents. The difficulty in analysing a 21st century Budget is the “timeline”. This Budget contained a restatement of many previously announced items […]  Continue reading

“This is the budget for Britain, the come-back country ”

The Chancellor of the Exchequer, George Osborne, launched his 2015 Budget with the words: “Britain is walking tall again.” He went on to add that: “Britain is growing, creating jobs, and paying its way.” – More people have jobs in Britain than ever before, living standards are higher and Britain can boast a long-term economic […]  Continue reading

The Budget in Brief

The Budget in Brief On 18th March, Chancellor of the Exchequer, George Osborne, delivered his last Budget before May’s General Election. Here are some of the headlines. – Income Tax Personal Allowance rises to £10,800 in 2016/17 – Higher rate threshold will rise to £43,300 in 2017/18 – Transferable tax-allowance for married couples raised to […]  Continue reading

Budget Briefing 18 March 2015

Budget Briefing 18 March 2015 Your guide to the changes announced in the Budget Key Points As previously announced, the personal income tax allowance is to increase by £600, taking it from £10,000 to £10,600, for 2015/2016. In order that higher rate taxpayers do not benefit fully from the increase, the basic rate limit will […]  Continue reading

Budget 19 March 2014 : What was in it for you?

Budget 19 March 2014 This year’s Budget was aimed at Britain’s “makers, doers and savers” and there were certainly a few bombshells in what has been called the best-guarded Red Book in years. The Chancellor announced tax changes affecting defined contribution pension arrangements, which look to scrap compulsory annuity purchase altogether and allow savers unlimited […]  Continue reading