UK Budget 2004 - Personal finance
Resources
One year extra to maximise funds
Gordon Brown's decision to delay the introduction of the lifetime allowance - an overall cap on the monetary value of pension benefits that can be built up...
Loopholes closed and system manipulation targeted
Manufacturers could lose about £1bn of tax relief over the next three years as a result of new tax avoidance reduction measures introduced in the Budget, accountants at PwC said.
Some cheer for taxpayers but not for savers
The chancellor played it straight on tax rates and allowances in the Budget, leaving rates alone and raising allowances in line with inflation, or with earnings for pensioners.
White van man to see red
While company car drivers celebrated a three-year freeze on company car taxes, fleet industry figures warned of a potentially major ‘sting in the tail’ for van drivers.
HOME-LOAN SCHEMES LOSE IHT ADVANTAGE
So-called double trusts, set up to avoid paying inheritance tax, will cease to be effective from a tax point of view following an announcement in the Budget, writes...
Hurdle for Names at Lloyd's will be removed
The government has prom-ised to remove tax barriers against individual investors in the Lloyd's of London insurance market converting to limited liability. Lloyd's...
