Archive for December, 2012

Autumn Statement; What’s in it For the Savers and Pensioners

December 28, 2012

For savers, the annual ISA contribution limit will rise modestly from the current level of £11,280 to £11,520 from April 2013, a rise of 2.1%.. But previously it was said that this would be increased in line with inflation. What about pensions? The basic state pension will rise by 2.5% next year to £110.15 a […]

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How will the Autumn Statement Affect you?

December 21, 2012

In Tax Perspective Many lower paid workers will find themselves paying less income tax. Well that is something good to start with. The personal allowance, the amount that most people can earn before they pay income tax, will rise to £9,440 in April 2013. That will be a rise of £235 more than the chancellor […]

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Autumn Statement; Government Borrowing and Spending

December 14, 2012

The autumn statement outlined key measures on the government borrowing, infrastructure and housing. Some of them are outlined below. Government Borrowing Point at which debt predicted to begin falling delayed by a year to 2016/17. Deficit forecast to fall this year, as is cash borrowing. Deficit to fall from 7.9% to 6.9% of GDP this […]

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Autumn Statement; Key Points to Take for Businesses

December 7, 2012

The autumn statement delivered by the chancellor is not the most looked forward autumn statements in the recent history. Following are some highlights from his speech. Fuel The 3p-a-litre increase in fuel duty, planned for next January, is cancelled

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