Yesterday Chancellor Philip Hammond delivered his first and last spring Budget. Professional Adviser asked three advisers what stood out for them and how these policies might affect their business or clients…
With a backdrop of Brexit, the Budget was expected to be a relatively quiet one. True to form, the Chancellor pulled no real rabbits out of his hat and delivered a fairly predictable speech. Stand-out policies included a cut to the dividend tax allowance from £5,000 to £2,000 taking effect from April 2018, and a hike in national insurance (NI) contributions for the self-employed from 9% to 10% in 2018, and then to 11% in 2019. Read all of our Spring Budget 2017 coverage here Against industry advice, the Chancellor confirmed the cuts to the money purchase annual allowance (MPAA) wou...
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