And this budget - in particular - has been a bit opaque; some of the 'small print' is only now emerging in discussions in the press (e.g. This is Money's article on how the Budget will affect families). So, apologies for coming back to slightly old news; but here are what I think are the 5 most important changes - and what these might mean for the future.
1) Income Tax personal allowance increased
2) ISA allowance raised
A Stocks & Shares ISA is one of the basic tax-avoidance tools used by UK DIY Income Investors. The annual ISA allowance was raised from £10,200 to £10,680 - and increase of 4.7%. This is a very good sign:
- the ISA is quite a generous tax allowance by international standards
- it benefits primarily more wealthy people - who can afford to save this amount of money each year
- it would have been easy to freeze the allowance (as has been done in the past)
I am not a financial advisor and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.