Upcoming Budget Information
23rd October 2018
Just a few days to go
Just a short note to remind you that the Budget is now less than a week away. The Chancellor will announce his plans on Monday 29th October, slightly earlier than usual to avoid potential Brexit negotiations in November. It is normally held on a Wednesday, but making such an announcement just before Halloween provides far too many difficult headlines for a Government that is already on the back foot.
There is clearly the need for increased revenue to pay for the NHS 70th Birthday giveaway announced earlier this year and speculation is rife as to where this will come. Early ideas include changes to IHT, increased stamp duty on Buy to Let properties, and potential reductions to both Annual Allowance and Lifetime Allowance levels for Pensions.
We will, of course, be watching the Budget closely on the day. We will then be producing a full update shortly after the event, which will be forwarded to you accordingly.
If you have any questions, please do contact us. We would be happy to hear from you.
The team at Fiona Gray Financial Planning