Spring Budget 2017

Philip Hammond has delivered his first Budget. What does this mean for your money?

Spring Budget 2017 Podcast

Ed MonkBy Ed Monk, 09 March 2017

What does the Budget tell us about the economy, was this really a betrayal of the self-employed and can investors gain from a boost to technology?

Spring Budget 2017: Technology Matters

Claire DwyerBy Claire Dwyer, 09 March 2017

From the days of the dark Satanic mills to the Futurists’ delight in automotive speed, technological progress has been central to the development of the modern age.

The right budget at the right time….

Tom StevensonBy Tom Stevenson, 08 March 2017

Philip Hammond lives up to his cautious reputation….but tells some good jokes.

What happens to Income Tax IHT, ISAs & Pensions in April?

Ed MonkBy Ed Monk, 08 March 2017

With or without new reforms, the rules governing your finances will change in April.

Spring Budget 2017 HighlightsSpring Budget 2017 highlights

    • Growth – Forecast to be 2% in 2017, up from 1.4% estimated previously.

    • Income Tax – As previously announced the personal allowance will be raised to £11,500 and the higher rate threshold to £45,000 from April 2017.

    • National Insurance – The main rate of Class 4 National Insurance contributions to increase from 9% to 10% in April 2018 and 11% in April 2019.

    • Dividends – The tax-free dividend allowance for shareholders will be reduced from £5,000 to £2,000 from April 2018.

    • Business rates - £435 million of further support for firms affected by increases in business rates.

    • Industrial Strategy Challenge Fund - £270 million investment in new technologies, such as robotics and driverless cars.

    • ISAs – As previously announced the annual ISA allowance will increase to £20,000 from April 2017.

    • Budget – Following the Spring Budget future Budgets will be delivered in the Autumn, replacing the Autumn Statement.

Source: HM Treasury, March 2017.

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