Our Latest Articles and Newsletters

Spring Budget 2024

Many of the announcements made by the Chancellor will have a significant impact on our personal finances. The additional cut to class 1 national insurance contribution (NIC) rates to 8% will see take home pay go up, while the class 4 self-employed rate also sees a reduction. 

Many key allowances and thresholds, however, remain frozen, so understanding the effects of existing tax levels and new measures announced in 2024/25 are key to your planning. We at Wealth Professional will be delighted to discuss any of these announcements that may impact you.

Spring Budget Tax Tables 2024/25

In what was widely expected to be Jeremy Hunt’s final budget ahead of an Election, speculation in the final run up focused on the trade-offs that might be required around cutting taxes and meeting both fiscal rules and spending commitments.

Click the image above to see the changes in tax in more detail.

Newsletter 10th April 2024

As the clock ticked down to the 2024 Budget, the old-fashioned concept of ‘Budget  purdah’ was well and truly buried under a steady release of leaks. Nevertheless, Budget Day still contained a few meaningful surprises.