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ARTICLE · 03 DECEMBER 2014

Initial reaction to the Autumn Statement 2014

Christmas comes early for taxpayers in light of next year’s election

United KingdomTax

Christmas comes early for taxpayers in light of next year's election

The Chancellor grasped opportunities for populist giveaways through, for example, changes to SDLT and changes on the inheritance of ISAs and pensions, backed up by an ever-sharper focus on eliminating perceived tax avoidance and non-compliance.

Add to this is a long-awaited rise in the income tax threshold for those on the 40% tax band, and we get an attractive bag of sweeteners to appeal to the vast majority of people of which Santa would be proud.

Given that these measures do not appear hugely expensive, but will be useful to a lot of individuals, the Chancellor also kept an eye on the books

Mass affluent to benefit from ISA relaxation

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