Has the budget helped you?
The Chancellor George Osborne announced his new budget yesterday with some benefits for the over 50s, who all the political parties know are the largest, key section of the population they need to appease. Our age group also tend to have a higher turnout to vote than other segments of the population.
George Osborne announced than following main benefits for the over 50s:
- Basic-rate taxpayers will receive the first £1,000 of savings interest tax free, while higher rate taxpayers will receive the first £500 tax free.
- New flexibility in the Isa rules – you will be able to withdraw money from your Isa and replace it within the tax year without losing any of the tax-free allowance.
- The ability sell an existing annuity to a third party
- The personal allowance – will rise to £10,800 in 2016/17 and £11,000 in 2017/18 and the transferable allowance for married couples and civil partners will be £1,100 from April 6.
What are your views? How has the budget helped you? What else would you have liked the Chancellor to have done in the budget to help the over 50s financially?
Has the budget helped you?
427 people have already voted, what's your opinion?
What are your views?
We'd love to hear your comments
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