Spring Budget 2021: Key Points for Savers & Investors

Income tax The Personal Allowance increases to £12,570 from the 6th April and the threshold above which higher earners start paying 40% tax also increases, to £50,270. However, these allowances will then be frozen until April 2026. Pension changes Standard Lifetime Allowance The standard Lifetime Allowance for pensions will remain at £1,073,100. This has also…

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