Cookies on the PFS website

By using and browsing the PFS website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Personal Finance Society
Recently added to my basket
 
Sorry but there was an error adding this to your basket. Please try adding it again
 

CII Briefing: Budget 2016

A briefing for members on the 2016 Budget.

Although Chancellor George Osborne's Budget did not include as many 'rabbits' as we have become accustomed to, there was still plenty of interest for people to digest. This Budget was based around five themes:

  • Reform of the business tax system.
  • Further devolution of power to local communities.
  • New commitments to national infrastructure projects.
  • Improvements to education and children's futures.
  • Supporting savers.

The headline announcements included:

  • A new 'Lifetime ISA' will be available for under-40s from 2017. For every £4,000 put in, the Government will top up £1,000.
  • Further increases in the personal allowance and the threshold for the 40p rate of income tax.
  • A further increase in Insurance Premium Tax (by 0.5%) - this will be used to pay for flood defences.
  • A tax on drinks with more than 5g per 100ml of sugar (fruit based or milk based drinks excluded).

To access the main budget documents, visit: https://www.gov.uk/government/topical-events/budget-2016  

 Pdf icon small   View the briefing »

 

Other links

Budget documents

 

 

Document links

Related articles

Not already a member?

Members get access to a range of benefits, including quality CPD and discounts on CII exams.

Comments

Please sign in to comment on this article