This was the headline grabbing change in the Budget Report. The Chancellor proposes to introduce a new 50% income tax rate on anyone earning over £150,000. It was originally announced as a 45% tax rate in the 2008 Pre Budget Report, but the…
The 2009 Budget has included a number of amendments and proposals to be introduced over the next year or two. Here's some of the key changes: New 50% Rate of Income Tax In the 2009 Budget Report a new 50% rate of income tax was announced on anyone…
Under the new inheritance tax provisions if your spouse doesn't utilise their nil rate band you'll effectively be entitled to an additional nil rate band. The key to this is that your own nil rate band at the date of your death is increased by the…