Autumn Statement 2012: How will it affect your pension?

How will it affect your pension?As the dust settles on George Osborne’s Autumn Statement and the headlines give way to analysis of the detail, we thought we’d take a look at how your pension will be affected by the various announcements. The Autumn Statement contained three key changes regarding pensions; in our opinion were two negative and one positive. Let’s look at each one individually. Negative change #1: Lower Annual Allowance The Annual Allowance is the amount you can pay into your pension each year, whilst claiming tax relief ...

Autumn Statement 2012: The headlines

George Osborne 150pxToday’s Autumn Statement by Chancellor. George Osborne, had the distinct feel of a full on Budget, with wide ranging measures that will affect pension savers, business owners, employees, and pensioners. Despite admitting that he will miss one of the key targets he’d previously set, the Chancellor began his Autumn Statement in a bullish fashion, saying: “Our economy is healing”, “Britain is on the right track” and “Turning back now would be a disaster.”...

Autumn Statement 2012: Winners & Losers

Autumn Statement 2012: Winners and LosersToday’s Autumn Statement included a wide range of measures which will affect us all. Were you a winner or a loser? With so many announcements and changes it might be a case of ‘swings and roundabouts’. Read on though to find out if you have gained more than you have lost. Winners Low paid workers Low paid workers will particularly benefit from the increase to the Personal Allowance, which means that from April 2013 people will be able to earn £9,440 before they start to pay ...

Autumn Statement 2012: Newspaper reaction

budget 2How did the newspapers react to George Osborne’s Autumn Statement? The changes to pensions, the cap on increases to many State Benefits  and the cancellation of the planned 3p rise in fuel duty are making the early headlines. What do you think? We’d love to hear your views, why not leave a comment at the bottom of this article?  The Telegraph Osborne grabs £2billion from middle cla...