Official budget thread

[sadkingbilly]

• Prison sentences for those convicted of marketing tax avoidance schemes

[AtW]

Pension Taper still in but increased to 10k, ridiculous really, could not even bring to allow all taxpayers save 60k per year on same conditions, why put 10k (less really since thats inc tax) into pension that can be changed later when 20k can be put into ISAs???

[David71]

As I'm now classed a disabled can I claim "Funding for up to 50,000 places on new voluntary employment scheme for disabled people"?

I'll give anything a go while I'm still capable of working as once I'm not, I'm stuffed.....

[Protagoras]

MPAA going up to £10k. Will that encourage people in receipt of taxable income from DC pensions to return to work though ...?

[AtW]

PDF with nasty details he “forgot” to mention -

https://assets.publishing.service.go...udget_2023.pdf

[SueEllen]

So to summarise so far:
- Get old people back in work
- Get parents back in full-time work (steal Labour's idea)

[genius]

Isn't it 19% on 50k then 26.5% on the rest, then 25% on nluk wage

[lucyclarityumbrella]

£60k annual limit on pensions updated - so £5k per month, upped from £3,333 with no tax implications.

[PerfectStorm]

Threshold is from 250k profits upwards though so only NLUK affected here.

Not sure how quickly you get to 250 on 250/day inside 5 days in office roles...

[vetran]

abolished tax limit on pensions. I thought doubling would do.