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Budget Nov 17: Summary of the key changes

Here are some of the key points from the Chancellor’s Budget Nov 2017 announcements today:

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Budget Nov 17: Surprise stamp duty axe for first time buyers

One of the most surprising and significant tax cutting moves in today’s Budget by Chancellor Philip Hammond was his decision to help younger house buyers by axing stamp duty on the first £300,000 of purchase price.

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Budget Nov 17: Planner relief at lack of pensions “tinkering”

Financial Planners have reacted with relief that pensions were largely left untouched by the Chancellor in today’s Budget and were broadly positive on some of the moves to help first time buyers.

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Budget Nov 17: EIS limit doubled to £2m for hi-tech companies

Chancellor Philip Hammond MP has doubled the annual investment limit for Enterprise Investment Schemes from £1m to £2m, as long as those schemes are hi-tech ‘knowledge-intensive companies.’

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