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News

Tax Planning

Autumn Statement 2012: corporation tax to be cut

The main rate of corporation tax to fall from 22% to 21% from April 2014, the chancellor said today.

clock 05 December 2012 •

ISAs

ISA limit to increase to £11,520; Consults on AIM share inclusion

Chancellor George Osborne has announced plans to increase next year's ISA limit from £11,280 to £11,520.

clock 05 December 2012 •

Your profession

Autumn Statement 2012: Osborne to raise 40% income tax threshold

The higher rate tax threshold will go up by 1% in 2014, the Chancellor said today.

clock 05 December 2012 •

Income

120% max GAD limit reinstated in Autumn Statement

Capped drawdown limits have been reinstated at 120% maximum GAD in today's Autumn statement.

clock 05 December 2012 •

Tax Planning

Autumn Statement 2012: no new tax on property

The coalition government will not slap a new tax on property, the chancellor said today.

clock 05 December 2012 •

Tax Planning

Govt to raise IHT nil rate band to £329k

The Treasury is to increase the inheritance tax (IHT) nil rate band by 1% in 2015/16, to £329,000.

clock 05 December 2012 •

Pensions

Osborne cuts pensions tax relief to £40k; raises drawdown limit

The Chancellor has announced cuts to pensions tax relief from 2014/15, meaning individuals will only be able to put away £40,000 annually free of tax.

clock 05 December 2012 •

Economics / Markets

OBR cuts UK growth forecast for 2012

The Office for Budget Responsibility (OBR) has downgraded its outlook for the UK economy.

clock 05 December 2012 •

Investing in the profession

Royal London replaces finance director

Stephen Shone, finance director at Royal London, is to step down from the role and be replaced by Kerr Luscombe.

clock 05 December 2012 •

Investment

TPR outlaws auto-enrolment into small DC and legacy schemes

The Pensions Regulator (TPR) has forbidden auto-enrolment into small defined contribution (DC) and high-charging legacy schemes.

clock 05 December 2012 •
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