Budget 2015
George Osborne delivered his sixth Budget on 18th March.
Some modest increases in personal allowances and help for savers were announced together with further crackdowns on the avoidance of tax. Pensions were again subject to changes with a further reduction in the lifetime allowance, and it will soon be possible for annuities to be cashed in for a lump sum or alternative product. The wider implications of some of the measures announced will become clearer over the coming weeks. In the meantime we summarise the main proposals that may affect you.