The Official Budget 2016 thread

[mudskipper]

Class 2 NICs to be abolished.

[SimonMac]

Ladies, ladies. Could we stay on topic please.. Oh and could one of you get me a cup of tea please.. Thanks.

[jamesbrown]

Life Time ISA?

Under 40's, pay in £4k a year, get £1k a year until you are 50, there must be a catch somewhere

You don't get the bonus if you withdraw it...

[SimonMac]

Personal Allowance £11,500 from next year

[SimonMac]

Higher tax rate upped to £45k too!

[NickFitz]

Higher tax rate upped to £45k too!

All in it together, you see

[jamesbrown]

Yeah, yeah, yeah.

Now for the Red Book where we'll see the reality.

[MarkT]

All in it together, you see

So unless you are in the PS (In which case you are ) it's not been bad at all

Higher rate of tax up, Personal Allowance up.....

[jamesbrown]

Here we go:

https://www.gov.uk/government/public...2016-documents

[tomtomagain]

Life Time ISA?

Under 40's, pay in £4k a year, get £1k a year until you are 50, there must be a catch somewhere

The catch is that the under 40's don't have 4k a year to save.