News

Life insurance policies and annuity contracts will come under increased scrutiny from HM Revenue & Customs (HMRC) as it cracks down on income tax avoidance.

Pension tax relief, tax-free lump sums and the annual allowance remained unchanged in the Budget, much to the relief of the pensions industry.

The revised auto-enrolment implementation schedule will net the government £380m in reduced tax relief on pension contributions, according to budget documents.

BUDGET

BUDGET-LITE

Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set-up to access tax reliefs.

The Chancellor's full Budget statement said the UK recovery will be "particularly uneven" this year as the economy still faces three major threats.

It took Chancellor George Osborne just under an hour to deliver his third Budget speech. Here it is in full...

The Chancellor has highlighted five key industries set to benefit from today's Budget, as he tries to move the UK away from a reliance on companies in the finance sector.

The limit at which child benefit will be scrapped for families has been increased to £50,000, Chancellor George Osborne announced today.