Category: Budget & financial planning & Uncategorized
George Osborne will deliver the second Budget of 2015 on Wednesday, July 8th, just two months – almost to the day – after the Conservatives secured an outright majority in the General Election.
Category: Budget & Economy & Uncategorized
Chancellor George Osborne has surprised voters, political and business leaders alike by announcing that he will take the unusual step of delivering a second 2015 Budget on 8th July, just one hundred and twelve days after the Budget of 18th March. With an Autumn Statement also due later in the year, the second Budget will mean the Chancellor will deliver three important economic summaries and policy plans in the space of just nine months.
Category: annuity & Budget & Uncategorized
Proposals announced in the recent Budget confirmed that up to five million pensioners are to be given the new flexibility to trade in their annuities for cash from next year. As part of this change, the Government has launched a consultation on plans to open a secondary market in annuities in 2016, which would give savers a new option to sell their annuity income to the highest bidder, who might include insurers and pension funds.
Category: Budget & Investments & savings & Uncategorized
The first ÂŁ1,000 of interest earned on savings will be completely tax-free for lower earners from next year. Announcing the news during his Budget speech, Chancellor, George Osborne, said:
“People have already paid tax once on their money when they earn it. They shouldn’t have to pay tax a second time when they save it.”
Category: Budget & isas & Uncategorized
ISAs have been a hot topic for politicians recently, with multiple changes to the savings vehicles made over the last few years. The most recent major announcement, George Osborne’s 2015 Budget, was no exception, with several interesting new developments for ISAs announced as part of the Budget document.
Category: Autumn Statement & Budget & Market commentary & Uncategorized
