New figures buried in the Autumn Budget show the Chancellor now expects to make £47 billion from freezing income tax thresholds This is a 73% increase on the revenue forecast from the March Budget A £50k earner will pay an estimated £5,282 more tax in the next five...
Budget 2021
Budget: The Openwork Partnership’s Mike Morrow comments on what was – and what what wasn’t – announced by the Chancellor
Following Rishi Sunak's Budget statement on Wednesday 27th, Mike Morrow, Chief Commercial Officer at The Openwork Partnership, said: “The good news from the Budget for advisers is very much about what was not announced. “Capital Gains Tax was left alone for now and...
Legal experts comment on today’s Budget: Chancellor proposes to increase overall tax take by stealth
James Austen, Partner at Collyer Bristow, comments: “Once again, the Chancellor defied those predicting significant increases in personal taxation. Instead, he is proposing to increase the overall tax take by stealth, inasmuch as that by holding bands at their...
Budget leaves industry hanging regarding arrangements for moving to a new minimum access age for pensions
Details still awaited on how the Normal Minimum Pension Age will increase from 55 to 57 A path paved with good intentions could lead to significant pension complexities Steven Cameron, Pensions Director at Aegon comments: “There have been widespread concerns...
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Budget pension tax relief fix for low-paid “messy, belated and likely to be ineffective” – Steve Webb, LCP
Steve Webb, partner at LCP, comments on the Chancellor's plans for pension tax relief announced today in the Budget. Under the current...
Budget: pension tax relief reform and death taxes avoided – missed opportunity on MPAA says Aegon’s Cameron
Recognition of pension investment ‘super power’ means escape from tax relief cuts and no new ‘death taxes’. But missed opportunity to...
Budget: HL’s Coles comments on cutting the universal credit taper, hiking council tax and axing the prosecco premium
Today's new announcements from the Chancellor are: A cut in the Universal Credit taper from 63% to 55%, so for every extra £1 earned, 55p...
Budget: Raising the national living wage could be “another nail in the coffin” for hospitality and leisure sector – Killik & Co
Following the comments on Government debt, OBR expectations and inflation during the Chancellor’s Budget, Rachel Winter, Associate...
Budget ’21: ‘OBR’s forecasts may well turn out to be too optimistic’ says Quintet’s Antonucci
Commenting on the Autumn Budget and the economy, Daniele Antonucci, Chief Economist & Macro Strategist at Quintet Private Bank (the...
Budget: “The Government consistently fails to adequately tackle the topic of pensions” – Barnett Waddingham
Following today's Autumn Budget, including a top up to low earners in net pay arrangements, James Jones-Tinsley, Self-Invested Pensions...
Autumn Budget: national living wage rise brings more into scope of auto-enrolment says Aegon
Signifies small but much welcome pension boost says Kate Smith, Head of Pensions at Aegon, as she comments: “We welcome the Government...
“Chancellor should use Budget to boost tax breaks for financial advice on pensions” – Clive Harrison, LCP
In a pre Budget submission to the Treasury, LCP has called on the Chancellor to improve the current system of tax breaks for financial...
Fidelity International finds cost of living tops consumer concerns ahead of Autumn Budget
Three-fifths (60%) of adults expect to be worried about their finances after the Autumn Budget is announced Three-quarters (75%) of those...
The IA: investors call for a competitive Budget which will aid green transition
Investors are urging the Chancellor to use his upcoming Budget to ensure the smooth transition to the green economy of...
Aegon sets out Budget bucket list for pensions and savings
Aegon's Steven Cameron claims that now’s the time for targeted interventions, not tax tinkering or radical reform of pension tax relief....
#Budgetanalysis: Sunak avoids putting obstacles in the way, says JM Finn’s Brian Tora
Brian Tora, Associate at JM Finn comments on yesterday’s Budget: “The most important measures to support the economy are simply extensions...
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