Budget Highlights

Little has changed since George Osborne’s Autumn Statement in December. Yet, despite the bleak economic outlook, Osborne delivered a few surprises. Below are the highlights from the Spring 2013 Budget. Personal allowance increased to £10,000 in 2014/15 and the higher rate threshold increased by £415 to £41,865. A new tax-free childcare scheme, phased in from […]

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Autumn Statement Highlights

The Chancellor alters pensions…again! That comes as no surprise to us because despite all the negativity which surrounds pensions, the tax breaks are still very attractive for higher rate and additional rate tax payers. The changes and our initial reactions: Lifetime Allowance Reduction The Lifetime Allowance (the maximum value that can accrue in pensions) is […]

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