Tax Changes
Basic and higher rate tax on property, savings, and dividends will increase by 2%.
Income tax thresholds frozen until 2030/31.
ISA Updates
Allowances remain at £20,000, but £8,000 is restricted to investments only (for under 65s).
Investment Incentives
EIS and VCT schemes eligibility widened and expanded.
Information for readers:Â This material is published for the information of clients. It provides only an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.
