There were no dramatic announcements in the Budget on personal tax, capital taxes or pensions. But Chancellors can create considerable change with low-key tactics, and the Budget tax freeze on various rates and allowances until 2026 will still affect many people.
6 April is the start of the new tax year and the date when changes to tax rates and allowances usually come into effect. The start of the 2020-21 tax year brings changes to the Employment Allowance, the National Minimum Wage and statutory payments.
Personal finance experts estimate that almost nine out of ten savers may be missing out when a spouse or civil partner dies because they are not aware of the rules for ISAs and the Marriage Allowance.
The Marriage Allowance was introduced over two years ago, yet most people who are eligible have not claimed the allowance. Could you be due a tax repayment of up to £432?