Our Comprehensive Budget 2018 Review
Philip Hammond presented his second Autumn Budget “for hard working families”, heralding the coming to an end of austerity. A range of spending measures were announced, together with a number of tax changes, which we have set out in our budget summary.
The headline is that entrepreneurs’ relief is staying although there have been some changes to ensure that the relief is being used for genuine entrepreneurial situations.
The team have put together a summary of the main tax changes that are likely to affect owner-managed businesses and personal taxpayers. Once the Finance Bill has been published on 7 November 2018 we will provide further comment on the some of the more relevant measures.
Budget analysis and comment
Pensions and savings
Pensions and savings allowances remained unchanged or increased in line with CPI.
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More support for savers
The government wants to make it easier for more people to save at all stages of their lives.
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