In the latest Budget speech delivered by The Chancellor of the Exchequer, George Osborne, he covered some key changes to the following topics to name a few. The Personal Allowance will increase, the introduction of a new ISA, the Lifetime Individual Savings Account (LISA) to assist with young people saving for a first house and or retirement as this is available to adults up to the age of 40. Capital Gains Tax rates cut from 6 April 2016, Insurance Premium Tax (IPT) increased and Corporation Tax will be cut to 17% in 2020.
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