How does the budget affect child benefit?
Child benefit will be withdrawn through a new income tax charge which will come into effect on 7 January 2013. This will be applied to tax payers who receive child benefit and their income or their partner’s income exceeds £50,000.…
How has the budget affected personal allowances?
From 6 April 2012, the personal allowance for those aged less than 65 will increase to £8,105 and the basic rate tax limit will be reduced to £34,370.
The Chancellor has announced for 2013/14 the personal allowance will increase to …
What is personal allowance?
Nearly everyone who lives in the UK is entitled to an income tax personal allowance. This is the amount of income you can receive each tax year without having to pay tax on it.…
How does the budget affect ISAs?
From 6 April 2012, the ISA allowance increases to £11,280. This is an automatic increase in line with last September’s inflation index. The rules for ISAs remain unchanged.
Why not contact one of our expert independent investment advisers today for …
Osborne confirms 45% tax rate
Chancellor George Osborne has confirmed the 50% top tax rate will be cut to 45%.
Those earning £150,000 or more have been subject to the 50% rate since April 2010, when it was brought in by the Labour government.
This …