Yesterday the Chancellor, Rishi Sunak, unveiled his closely-awaited Budget statement. Whilst it is fair to say that, in the immediate term, not a great deal has changed that will affect our clients it is worth noting the following key areas that will change.
These include freezing the Pension Lifetime Allowance and Income & Capital Gains tax thresholds until 2026, hiking corporation tax for bigger businesses in 2023, extending the stamp duty holiday and re-introducing 95% mortgages.
Please find below a summary from AJ Bell in their document ‘Spring Budget 2021: eight key takeaways’
If you have any questions on these or any other subjects then please contact your adviser.