NEW Articles18 Dec 2024
Long freeze on individual savings accounts
Hidden away in the October Budget announcements was the freezing of individual savings accounts (ISA) annual subscription limits until 5 April 2030.
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In his 2024 Spring Budget the Chancellor announced headline grabbing measures aimed at easing the tax burden on earners and families, and tax increases to cover their costs
In what was widely expected to be Mr Hunt’s final Budget ahead of an election, speculation in the final run up focused on the trade-offs that might be required around cutting taxes and meeting both fiscal rules and spending commitments. Ultimately the Chancellor had it both ways, with some headline grabbing measures aimed at easing the tax burden on earners and families, while also introducing some tax increases to cover their costs.
View or download Alliotts 2024 Spring Budget summary here
In a speech punctuated by several interventions from the Deputy Speaker for order, there were some key headline items:
As ever the Budget publications contained a wide range of detailed proposals and much to digest.
Our Budget Summary highlights the key aspects and the updated 2024/25 tax rates and allowances are available here.
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