Budget 2024 Highlights…
Inflation to fall bellow 2% in next few months 📉
National Insurance reduced by 2% for Employees and Self Employed. 🤩 💰
Child Benefit to Family based system from 2026. From April 2024 Child Benefit charge threshold will increase to £60,000. 👶
Higher rate of CGT on property reduced from 28% to 24% 🏠
Non-Dom tax regime to be replaced with residency based system from April 2025 - No tax for 4 years then full tax paid in the UK. 🏝️
Alchohol Duty Frozen 🍷🥃
Fuel Duty Frozen ⛽️
VAT registration to increase from £85k to £90k 💰
New ISA to focus on UK investing with an additional £5,000 allowance 🇬🇧 🆕
Tabacoo duty to increase 🚬 & new duty on vapes 🆕
Furnished Holiday Lets relief scrapped to help promote long term lettings 🏨
Are you in the South East London area?
Do you run your own business or are you looking for more customers?
I have joined a new digital networking group with BNI and we’re looking for additional members to help us refer work to and grow our businesses.
Msg if interested.
@financialwalker Done. I can’t see that I have received any communication from either the PFS or CII about their proposed changes. The only reason I know is through social media! I wonder how many others have not received anything?
@BMoregate Do you worry when the stockmarket falls? …📉
It’s important not to panic and make bad financial decisions… 🤔
Read our latest blog which looks at the data behind the market turmoil and how you should act.
https://t.co/fkO3CQfgFe
An ISA allowance is a flexible way to save or invest up to £20,000 p.a. which is free of Capital Gains and Income tax.
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