Informed Choice chartered financial planner Nick Bamford presented a live webcast this morning to discuss the main personal finance measures announced in the Budget. You can watch it here.
We look at the change from RPI to CPI when calculating thresholds and allowances, as a result of the Budget announcement yesterday.
The Budget introduces a new income tax charge on third party arrangements used by employers to provide a reward to employees.
We describe changes to the Enterprise Investment Scheme (EIS) with income tax relief for new subscriptions increasing from 20% to 30% from 6th April 2011.
We explain the Budget announcement on inheritance tax, with an IHT discount available from 6th April 2012 where at least 10% of the net estate has been left to charity.
One important measure announced in the Budget yesterday for business owners was a doubling in the lifetime limit for capital gains tax entrepreneurs’ relief.
Following the Budget at lunchtime today, we have published a free 10-page briefing note describing the main announcements as they relate to personal financial planning.
Chancellor George Osborne will deliver this second Budget at lunchtime on Wednesday 23rd March 2011 and the team here at Informed Choice will be blogging live throughout the day with news, views and analysis.
Price inflation has reached its highest level since 2008, with the Consumer Prices Index (CPI) measure of inflation reaching 4.4%.
With less than 48 hours to go until George Osborne presents his second Budget, we already have some early indications of what it is likely to contain.
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