{"id":376,"date":"2021-10-29T11:44:00","date_gmt":"2021-10-29T10:44:00","guid":{"rendered":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/?p=376"},"modified":"2021-11-15T11:45:39","modified_gmt":"2021-11-15T11:45:39","slug":"autumn-budget-2021","status":"publish","type":"post","link":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/2021\/10\/29\/autumn-budget-2021\/","title":{"rendered":"Autumn Budget 2021"},"content":{"rendered":"\n<p>The\nchancellor focused on the post covid recovery and did not tinker much with\npensions and investments.<\/p>\n\n\n\n<p>The key\nmeasure that we already knew about was the 1.25% increase to National Insurance\nand Dividend rates which will come into effect in April 2022. Due to Government\nIT constraints it will initially be collected via NI and in April 2023 it will\nbe a separate tax called the \u2018health and social care Levy\u2019.<\/p>\n\n\n\n<p>This Levy will\nbe applied if your pay is above the primary earnings threshold of \u00a39,568. You\nare caught if you pay yourself dividends above \u00a32,000, and if you are working\nabove the State Pension age.<\/p>\n\n\n\n<p>Therefore the dividend ordinary rate, upper rate and additional\nrate will increase to 8.75%, 33.75% and 39.35% respectively.<\/p>\n\n\n\n<p>For business owners the employer NI will also rise 1.25% to 15.05%. As\ncorporation tax will rise in April 2023 it would be prudent to talk to your\naccountant to bring forward profits if possible.<\/p>\n\n\n\n<p>Key allowances have not changed:<\/p>\n\n\n\n<ul><li>High rate income tax band starts at \u00a337,700 + \u00a312,570 =\n\u00a350,270<\/li><li>Capital Gains Tax annual exempt amount is \u00a312,300<\/li><li>ISA annual subscription limit is maintained at\n\u00a320,000&nbsp;and JISAs \u00a39,000<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The chancellor focused on the post covid recovery and did not tinker much with pensions and investments. The key measure that we already knew about was the 1.25% increase to National Insurance and Dividend rates which will come into effect in April 2022. Due to Government IT constraints it will initially be collected via NI &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/2021\/10\/29\/autumn-budget-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Autumn Budget 2021&#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":[1,6,5,2,10,4,8,9,7],"tags":[],"_links":{"self":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/376"}],"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=376"}],"version-history":[{"count":1,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/376\/revisions"}],"predecessor-version":[{"id":377,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/376\/revisions\/377"}],"wp:attachment":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=376"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}