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Autumn Budget 2017:

23rd November 2017

Autumn Budget 2017:

Key Points for Savers & Investors



Lifetime Allowance (LTA)

The pension lifetime allowance will have an inflation linked increase as planned from 6 April 2018. This increases the LTA to £1,030,000 from the current limit of £1,000,000.  

There are no changes to the pension funding limits, i.e. the annual allowance remains at £40,000 and will not be tapered until adjusted income exceeds £150,000.


Individual Savings Accounts (ISAs)

Annual ISA limits will remain at £20,000 per person. The annual subscription limit for Junior ISAs and Child Trust Funds for 2018-19 will be uprated in line with CPI to £4,260.

Enterprise Investment Schemes (EIS)

Currently, an individual can invest up to £1 million in any tax year in an EIS, receiving income tax relief at 30%. This maximum limit will rise to £2 million in any tax year, provided the surplus over £1 million is invested in knowledge-intensive companies.


As anticipated, the IHT nil rate band will remain at £325,000 and is expected to stay at this level until April 2021. The Residence Nil Rate Band (RNRB) will increase from £100,000 to £125,000 from April 2018.


With effect from 22 November 2017, there will be no Stamp Duty Land Tax for first-time buyers on properties valued up to £300,000. For a first-time buyer purchasing a home valued between £300,001 and £500,000, no tax will be levied against the first £300,000 with the remainder being subject to tax at 5%. For properties worth more than £500,000 there is no relief and Stamp Duty will apply at the standard rate. This applies only to first-time buyers purchasing a property for their main residence.


The personal allowance will rise to £11,850 for the 2018/19 tax year and the higher rate threshold will increase to £46,350.

The Dividend Allowance will be cut to £2,000 in April 2018, as previously announced.

The Capital Gains Tax allowance will increase to £11,700 for individuals for the 2018/19 tax year.


There were no significant tax or pension changes announced this time around and this summary includes a reminder of changes announced in March that are due to take effect from April 2018.

If you would like to discuss your current financial planning arrangements to make sure you are maximising the opportunities now available to you, please do not hesitate to contact us.

ABI Guide - Health and safety for small/medium sized businesses

Good health and safety standards help you to run your business successfully.

Aviva Motor Fleet Advice

Employers are legally responsible for employees who drive whilst at work.

Budget 2013

The 2013 Annual Budget Statement painted a somewhat bleak economic picture, alleviated by a few crowd-pleasing bright spots.

Budget Summary

Despite some speculation that Budget 2012 may have brought some unwelcome surprises in the

Charity Fundraising by PWW

This year for the first time, staff at P W White and Partners attended the Amersham carnival on 13thJuly in the glorious weather with temperatures of over 30 degrees C.

Dilnot Report on Long Term Care

Since 2004, the number of Britons aged over 85 has risen by two-thirds, and demand for care has outstripped supply. The UK's elderly population will continue to expand.

Disclosure of all the facts

Are you aware of yourresponsibility to disclose what is considered ‘material’ information inrelation to your Insurances?

Driving Licences and Driving Other Cars Third Party

If you are aged under 70 the chances are that your licence has not expired as driving licences generally expire at 70 unless extended.

Flood Advice from insurers

Insurers risk surveyors have been busy visiting the impacted areas across the UK and one of them yesterday in a flood

Floooding and Commercial Premises

Recent flooding events experienced across the UK, particularly over the last decade, have shown the devastating impact that flooding can have on property, businesses and individuals.

GAP Cover for new & used Cars

P W White & Partners Ltd now have the facility to provide GAP cover when you purchase a new or used (up to 7 year old) car from a dealer.

Have you provided your ELTO details?

ELTO is the Employers Liability Tracing Office which was set up so that all businesses (subject to a few exclusions)

Important information that could affect the validity of your cover

Any intended alteration or extension to your property – personal or commercial, i.e. creating an additional bedroom, bathroom or shower room

Intestacy changes from 1 October 2014

The Inheritance and Trustees' Powers Act 2014 announced some key changes to the intestacy rules.

Motor Insurance Database

If you run a motor fleet have your details been entered on the MID?


From July 1 2014 all ISAs will become New ISAs (NISAs).

Paper driving licence changes

From January 2015, the DVLA will no longer issue the paper counterpart to the photocard driving licence.

Pension Lifetime Allowance Limit (LTA)

In 2006 the Government introduced a cap on the value of Pension Pots.

Tax Disc Changes

The new rules, which came into effect on 1stOctober 2014, mean it will no longer be possible to transfer tax when a vehicle is sold.

What is the Retail Distribution Review (RDR)

The implementation of the Retail Distribution Review (RDR) is one of the biggest overhauls of financial regulation since the Financial Services Act of 1986.

Whiplash Reforms

The first stage of the government’s whiplash reform programme was introduced on 1st October 2014

Why to use an Independent Financial Adviser

You may have noticed the recent media coverage following the findings by Which?

Your choices at retirement

When you reach retirement age, with interest rates at historic lows, your most important choice will probably be between

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