Courtiers Wealth Management
Courtiers Wealth Management

News & Insights

Spring Statement and New Tax Tables

15 Mar 2018

Following two full Budgets last year, this week’s Spring Statement was expectedly low key.

Mr Hammond spoke of no tax changes or new spending initiatives. He focused instead on reviewing Office for Budget Responsibility (OBR) figures and announcing consultations. Overall the Statement represents a new cycle of tax and spending changes taking place just once a year.

Tax Tables for the 2018/19 tax year are now available in electronic format.

Please click here to view.

Key changes include:

  • Increases to the personal allowance, and basic and higher rate tax thresholds.
  • New income tax bands and rates for Scotland.
  • A cut in the dividend tax allowance from £5,000 to £2,000.
  • Revised company car tax scales, with an increase in the diesel levy.
  • The first increase in the lifetime allowance since 2010.
  • An increase in the maximum tax relievable investment in Enterprise Investment Schemes.

If you have any questions about the contents or to request a printed copy by post, please contact us.

Warning – the views expressed by Courtiers in this summary and any video and video transcripts, are reached from our own research. Courtiers cannot accept responsibility for any decisions taken as a result of reading this document, watching the featured video or reading the video transcript and investors are recommended to take independent professional advice before effecting transactions. The price of stocks, shares and funds, and the income from them, may fall as well as rise. Past performance is not necessarily a guide to future returns.

We do not endorse nor accept responsibility for the content of any website not operated by Courtiers which you may visit by following a link from this article.

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