Budget 2014 – Personal tax, pensions and savings

Below are the highlights from today’s Budget concerning personal tax, savings and pensions. Personal Tax –       Personal allowance will increase to £10,500 from April 2015. –       Tax Rates – the HR threshold will be increased to £42,285 and the basic rate limit will be set at £31,785. –       10% savings rate will be reduced to 0% and the band of … Read More