money4dentists looks at how the Autumn Budget might affect your finances
The Autumn Budget is over and done with for another year; all that’s left now is to consider how it will affect your finances moving forward.
Altogether, it was a good Budget for dentists, and despite the recent increase to the base rate, you can rest assured that there will be some savings available as a result of the Chancellor’s plans.
Perhaps one of the biggest announcements was that stamp duty for first time buyers purchasing properties worth up to £300,000 has been abolished effective immediately, while the first £300,000 of the cost of a £500,000 property in expensive areas will also be exempt. This will have a huge impact on savings for first time buyers.
There were also increases to tax-free allowance, a rise of 3% for state pensions, a proposed ‘millennial railcard’ and more, which could all potentially benefit dentists.
Of course, if you’d like to find out more about how the Autumn Budget 2017 might affect you and discuss other upcoming changes earmarked for April 2018, then get in touch with the specialist independent financial advisers at money4dentists today.