Autumn Statement 2015 – personal tax

Personal Tax State Pension From April 2016, the basic state pension will rise to £119.30 per week, an increase of £3.35. This will be the highest real terms increase to the state pension for 15 years. From April 2016, those reaching pensionable age will receive a new, ‘single-tier’ pension with a starting rate of £155.65. Those reaching pensionable age before … Read More

Autumn Statement 2015 – What was missing?

What was missing? ‘Middle class tax perks’ as they were being dubbed in the press– salary sacrifice etc – the government is currently considering the position R&D tax credits/reliefs – following high-profile speeches made at GCHQ and Imperial College London, some quarters were hoping for announcements made to R&D but this was not to be; instead extra spending on national … Read More