Budget 2015 – What it means for you

Budget 2015 – What it means for you

He described it as a Budget that “works for you”, but Chancellor George Osborne’s speech should be regarded as a Budget of aspiration.

His wish is for the Conservatives to be voted in with a majority in May.

So this pre-election Budget included what the government has done in the last five years and what Mr Osborne plans to do if his party is in power in the next parliament.

The election winner is likely to set out another Budget in the summer.

Yet some measures announced by the chancellor will take effect relatively soon, so what do these announcements mean for your finances?

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Budget 2015 key points: At-a-glance summary

Budget 2015 key points: At-a-glance summary

George Osborne has delivered his seventh Budget as chancellor, the first for a majority Conservative government since November 1996. Here is a summary of his main announcements.

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End of 2014/2015 Tax Year – The Facts

End of 2014/2015 Tax Year – The Facts

ISAs – It’s That Time of Year Again.

The 2014/15 tax year ends on 5 April so it’s the perfect time to make sure you take advantage of the tax incentives available to you and don’t pay unnecessary tax. You only have one ISA allowance in each tax year. You cannot carry your allowance into the next tax year so if you don’t use it by 5 April you will lose it.

Although you can use your ISA allowance at any time during the tax year, the deadline of 5 April adds an extra focus. Because of their tax benefits ISAs are perhaps the obvious choice for investing tax efficiently but there are other steps you can take too. Here’s a quick reminder to help you make sure you don’t miss out.

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Autumn Statement 2014 – Highlights

Autumn Statement 2014 – Highlights

Once upon a time, the government’s Autumn Statement only dealt with the country’s economic position and strategies to improve it….. and it was called the ‘Pre-Budget Report’.

Now it has become an intrinsic part of the overall Budget process and gives the government a chance to unveil some of its proposed tax changes within the context of the overall economic strategy.

Whilst there will, inevitably, be new proposals made in March 2015, the Autumn Statement contains information on many tax proposals.  With the government (despite positive growth statistics) still under constant pressure to improve public finances, the importance of taxation to the overall “business plan” of ‘UKPlc’ cannot be underestimated.

As for previous years, anti-avoidance features strongly.
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