Budget Report 2015

Budget Report 2015. On Wednesday 18 March 2015 George Osborne delivered his final Budget Report before the general election.

Some of the highlights from the Budget are:

  • Unemployment down to 1.86m
  • Projected economic growth will be consistently above 2%
  • Pensions: from 2016 existing annuities can be ‘cashed in’
  • ISA annual savings limit increased to £15,240
  • Help To Buy ISA: from autumn 2015 the Government will contribute up to a maximum of £3,000
  • Pensions: the lifetime allowance is to be reduced to £1m from April 2016
  • Personal Tax Allowance will be raised to £10,600 in 2015/16
  • The first £1,000 of savings interest is to be tax free for basic rate taxpayers

For our full Budget Report overview please click here.