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Key Points for Savers & Investors Income tax Personal Allowance remains unchanged at £12,500. The threshold above which higher earners start paying 40% tax is also unchanged at £50,000. They are due to increase in line with Consumer Price Index (CPI) in future years. Pension changes Standard lifetime allowance The standard lifetime allowance for pensions…

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Harold Wilson once stated that ‘a week is a long time in politics’, and this has been highlighted clearly recently. The first draft of this article is now in the bin, as it discussed the thoughts and expectations of the first ever Budget delivered by the Chancellor, Sajid Javid, promising an ‘infrastructure revolution’. However, after…

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With the Budget due on 11th March and the UK having a majority Government for the first time in many years, people are starting to look at some of the anomalies in the tax system and wondering if now is a time when things may change. Whilst most people accept that paying tax is a…

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Pension Freedoms have now been with us since 2015 although it’s only more recently that many people are starting to recognise that the modern Personal Pension plan can probably describe itself as one of the most tax efficient and flexible investment plans ever! Before 2015, the traditional Personal Pension had strict requirements as to how…

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