{"id":274,"date":"2020-03-12T18:06:57","date_gmt":"2020-03-12T18:06:57","guid":{"rendered":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/?p=274"},"modified":"2020-03-12T18:06:57","modified_gmt":"2020-03-12T18:06:57","slug":"budget-2020","status":"publish","type":"post","link":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/2020\/03\/12\/budget-2020\/","title":{"rendered":"Budget 2020"},"content":{"rendered":"\n<p>We have\nsummarised Mr Sunak the new Chancellor\u2019s 2020 budget for you.<\/p>\n\n\n\n<ul><li>National\nInsurance (NI) threshold raised to \u00a39,500 up from \u00a38,632<\/li><li>Pension\ntaper increased to \u00a3200,000 from \u00a3110,000 &#8211; this helps pension funding\nrestrictions<\/li><li>Junior\nISA annual limits increased to \u00a39,000 from \u00a34,368. Adult limit remains at\n\u00a320,000.<\/li><li>In\nthe UK the income tax rates and allowances remain at \u00a312,500 for the personal\nallowance and \u00a350,000 the higher rate threshold<\/li><li>The\nCapital Gains Tax (CGT) allowance has increased to \u00a312,300 for individuals<\/li><li>The\nInheritance Tax (IHT) &nbsp;residence nil rate band increases to \u00a3175,000\ntaking the overall IHT allowance up to potentially \u00a3500,000 per person<\/li><li>Entrepreneurs\nRelief lifetime allowance reduced to \u00a31million<\/li><li>Off-payroll\nworking rules (IR35) reform still scheduled for April 2020<\/li><li>Corporation\ntax rate to remain at 19%<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We have summarised Mr Sunak the new Chancellor\u2019s 2020 budget for you. National Insurance (NI) threshold raised to \u00a39,500 up from \u00a38,632 Pension taper increased to \u00a3200,000 from \u00a3110,000 &#8211; this helps pension funding restrictions Junior ISA annual limits increased to \u00a39,000 from \u00a34,368. Adult limit remains at \u00a320,000. In the UK the income tax &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/2020\/03\/12\/budget-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Budget 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,6,10,4,8,9,7],"tags":[],"_links":{"self":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/274"}],"collection":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":1,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/274\/revisions"}],"predecessor-version":[{"id":275,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/274\/revisions\/275"}],"wp:attachment":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}