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Budget Breakdown - the Public Pocket


  • Increasing the National Insurance Contribution thresholds from £8,632 to £9,500, saving a typical employee around £104 a year from April.

  • Fuel duty will be frozen for the tenth consecutive year

  • A freeze in duty rates for beer, cider and spirits

  • Tampon Tax – the 5% rate of VAT on women’s sanitary products – will be scrapped from 1 January 2021

  • The National Living Wage will increase from £8.21 to £8.72

  • Ambitious target for the NLW to reach two-thirds of median earnings and to be extended to workers aged 21 and over by 2024

CONTACT US FOR A CHAT

Daniel English

Mobile: 07793 243804
Email: daniel@contadoraccountancy.co.uk

Louise Rogers

Mobile: 07540 261699
Email: louise@contadoraccountancy.co.uk

Contador (associated with Louise Rogers Accountancy)

N2 04,

Columba House,

Adastral Park,

Martlesham Heath,

Ipswich,

Suffolk,

IP5 3RE

John Matthews

Mobile: 07730 490440
Email: john@contadoraccountancy.co.uk