News 2016 Budget Summary

2016 Budget Summary

weatherbys, private-bank

Key policy announcements and changes from the UK Budget, March 2016

After much concern and many conversations with our clients, it is business as usual for pension saving as the Chancellor confirmed there will be no imminent changes to pension tax relief. And the introduction of the new Lifetime ISA saving vehicle from April 2017 adds another attractive complimentary option to the saving landscape.

Taken together with cuts in CGT rates, further boosts in income tax thresholds and some welcome tidying-up of pension anomalies, it’s been a good Budget for savers.

View the full copy of the Weatherbys Private Bank summary by clicking here (opens in a new tab or window)