The chancellor said that the state pension age would rise faster and but petrol price and train fare rises are reduced.
The big headline from the Autumn Statement is that the state pension age is likely to rise to 68 in the mid 2030s, which could affect anyone born after 1967. By the late 2040s, the state pension age could be 69, which could be bad news for those born after 1979. The chancellor didn’t announce that parents who have child trust funds for their children will be able to transfer them into junior ISAs and there was no big increase in the amount you can save in cash ISAs – both missed opportunities as far as I’m concerned.
It’s half way through the tax year – so make the most of your money
Seven tips for getting the most of your money before the end of the tax year
There are just under six months to go before the end of the tax year. And that means there’s six months to use up your tax allowances. That can mean anything from topping up your cash or stocks and shares ISA to paying more into your pension or junior ISA, if you have children. Here are some easy ways to save tax.
The Chancellor said it was a Budget for growth, but who are the winners and who are the losers?
What do the Budget changes mean for you? Will you be better or worse off as a result of the Budget?
The Chancellor ended his Budget speech with the cancellation of fuel duty escalator (a one penny rise above inflation) for the rest of the parliament and a cut in fuel duty. But that’s only of limited help to people who’ve seen far steeper rises in the cost of fuel. And while personal allowances are going up, in future tax and National Insurance allowances will rise by the lower inflation measure, CPI.