Autumn 2017 Budget Predictions

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The Government’s Autumn Budget Day will be on 22 November 2017.  There are reports that this may include:

  • A reduction in the annual pension allowance from £40,000 to £30,000 as well as the tapered annual allowance for higher earners being reduced from £150,000 to £120,000.
  • Pension tax relief could be cut for older workers to fund a reduction in National Insurance Contributions for workers in their 20s and 30s.
  • Stamp duty could be scrapped for first time buyers as well as more investment in the Help to Buy scheme.
  • Enterprise Investment Scheme tax relief could be cut from 30% down to 20%.
  • The repayment threshold for student loans could be increased from £21,000 to £25,000 and tuition fees could be frozen at their current rates.

These changes are predictions and rumors only and may not come to pass.