Basic rate of income tax cut to 19p
National insurance base threshold lifted by £2,690
Simplifying financial products for consumers
The Chancellor will raise the personal allowance threshold to £10,600 in the next year, £100 more than the initially planned £10,500.
The Smith Commission has proposed the Scottish Parliament should get more powers over tax. Jonathan Stapleton discovers what this means for pensions and how schemes and employers can define who is a Scottish taxpayer.