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 ...

New state pension proposals: Are you a winner or loser?

Investment Sense Verdict_istockUpdated 15th January 2013: Over the past few days the media have extensively covered the proposed government reforms of the State Pension system and the announcement of a new flat rate State Pension. Under the proposals a new flat rate State Pension will be introduced, "not before" April 2017, of £140 per week. After adjustment for inflation this would be approximately £160 by the time it is introduced. To qualify for the new flat rate an individual would need to ...