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Black Star Summer News

Stop Press: The ISA family grows again

The Lifetime ISA was launched on 6 April and is an important addition to the ISA family.

Cash ISAs still accounted for almost three quarters of all ISA contributions in 2015/16.



Budget tax changes: set for a comeback?

The few surprises contained in the spring Budget largely became casualties of the bigger surprise of the snap election. But we are likely to see them return.



Here is an overview of the Office for Budget Responsibility’s policy decisions costings and particularly the impact of the proposed cut to the dividend allowance

On the government’s stated desire to look at how businesses work with national insurance contributions, a government-commissioned report on “Employment Practices in the Modern Economy” is due out in the autumn and may give more insight.




The residence nil rate band: not all it seems

The inheritance tax residence nil rate band is now available and will potentially cut the inheritance tax bill on your estate by £40,000.

When Mr Osborne became chancellor, he froze the NRB at its 2009 level of £325,000, a freeze which he later extended until at least April 2021.

Although the RNRB will save some inheritance tax for many estates, there is still a projected growth in IHT revenues for the government in the next few years. See the Office of Budget Responsibility’s Economic and Fiscal Outlook report, March 2017.