Autumn Statement 2014: Everything you need to know about the changes to Stamp Duty

Autumn Statement: Everything you need to know about the changes to Stamp DutyFollowing Wednesday’s Autumn Statement the squabbling between the main political parties and the media over how the deficit will be attacked has diverted attention away from the Chancellor’s main giveaway; a major reform to how Stamp Duty on residential property purchases is calculated. The Stamp Duty changes are perhaps the largest change to your personal finances in the Autumn Statement and will certainly affect you if you are planning to buy or sell a residential property. So what’s changed? Let’s ...

Autumn Statement 2014: Pension changes – all you need to know

Autumn Statement 2014: Pension changes – all you need to knowMajor changes to your pension were announced in the Budget earlier in the year, but today’s Autumn Statement still contained some important additional tweaks. Tax on pension death benefits The new rules, which had partly been announced already, will significantly reduce the amount of tax payable on death, although contrary to some news articles, it won’t be completely abolished. From April 2015 the new rules can be summarised as follows: Death before the age of 75 Now completely tax-free, irrespective of whether the individual ...

Autumn Statement 2014: Winners and Losers

Investment Sense Verdict_istock George Osborne announced a raft of new measures in his final Autumn Statement before the General Election. So how did you do? Will you be better or worse off? Are you a winner or a loser? We reveal all. Budget 2014: WinnersWinners Homebuyers The big winners from the Autumn Statement will be the 98% of homebuyers who will be better off due to the changes to the Stamp Duty rules. The new system will work ...

Autumn Statement 2014: The headlines

George OsborneGeorge Osborne has given his final Autumn Statement before the General Election in May next year. No one expected huge pre-election giveaways, but the statement still contained a number of surprises; particularly pleasant ones if you are a saver, have a pension or plan to move house. He started though in bullish mood, saying that the UK was the “fastest growing economy of any developed nation in the world.” Whilst confirming that the “deficit is now half what we inherited, our long term economic plan is working.” There was then a plea ...