Tag Archives: spring budget

Budget 2016 preview – what’ll it bring?

How will the Budget impact you?

How will the Budget impact you?

The Chancellor’s spring budget arrives on Wednesday 16 March. It’s the last one before the nation goes to the polls for the referendum on EU membership, so it will be interesting to see what emerges.

Many of us are likely to be affected in different ways, from income tax to benefits, from housing to savings. What have the experts been predicting for the Budget 2016 headlines?

Income tax
As promised in last year’s summer budget, personal allowance (how much you can earn tax-free before you start paying income tax) will rise from £10,600 in 2015/16 to £11,000 from April, while the 40p tax threshold rises from £42,385 to £43,000.   Continue reading