Budget Key Points

Budget Key Points

The Chancellor delivered his first Autumn Budget yesterday.

The following brief overview are a couple of main points set out in the budget.

Confirmation that the State Pension and lifetime allowance will increase by 3% from April 2018.

The immediate abolition of stamp duty for first time buyers on the first £300,000 of properties up to £500,000 (not Scotland).

ISA threshhold this will be £20,000 for 2018/19. For Junior ISAs the threshold will rise in line with the CPI to £4,260.

Income Tax The personal allowance will rise to £11,850 in 2018/19. The higher rate threshold will increase to £46,350 (with the exception of Scottish tax residents).