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In Brief: Devils in the detail

Thursday, 02 June 2016

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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