;• CONSILIUM of ASSET MANAGEMENT
GUIDE TO
BUDGET 11 2021
ANALYSIS OF THE CHANCELLOR’S BUDGET AND ITS IMPACT ON YOU, YOUR FAMILY AND YOUR BUSINESS
Consilium Asset Management Vayre House, Hatters Lane, Chipping Sodbury, Bristol, BS37 6AA Telephone: 01454 321511 Email: info@consilium-ifa.co.uk Web: www.consilium-ifa.co.uk Consilium Asset Management Ltd is authorised and regulated by the Financial Conduct Authority
BUDGET 2021
BUDGET 2021
This Budget follows a year of extraordinary economic challenge as a result of the ongoing COVID-19 pandemic. The announcements set out how the government is extending
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05 Budget 2021: COVID-19
05 Budget 2021: Strengthening the What you need to know 06 Budget 2021: Protecting jobs and livelihoods
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What does Budget 2021 mean for your future plans?
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Chancellor’s three-point plan to protect jobs and strengthen
furlough scheme extended
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through the pandemic from lockdown
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BUDGET 2021
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11 Budget 2021: Housing
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BUDGET 2021
BUDGET 2021
Budget 2021: Key announcements at a glance
Budget 2021: Budget 2021:
Strengthening the
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Nations and regions England announced
What you need to know
Coronavirus (COVID-19) As a result of the pandemic, borrowing is set to reach
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16.9% of GDP in 2020/21, the
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highest level of peacetime borrowing on record, and underlying debt will peak at 97.1% in 2023/24.
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economy to recover quickly when
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Growth Housing
on record, and underlying debt will peak at
until September
Borrowing Transport, environment and infrastructure
Budget 2021: COVID-19
Personal taxation, investments and pensions
Health
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vaccination rollout
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internationally competitive’
BUDGET 2021
BUDGET 2021
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BUDGET 2021
BUDGET 2021
Budget 2021:
Protecting jobs and livelihoods
Budget 2021:
Protecting jobs and livelihoods
Budget 2021:
Strengthening the
What you need to know
UK’s tourism and hospitality sector
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New UK-wide mortgage guarantee scheme
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will continue to receive funding through the
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Highest income households
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Mr Sunak announced a new UK-wide mortgage guarantee scheme that will make home ownership more achievable for thousands of people, and in England and Northern Ireland he extended the temporary cut in Stamp Duty Land Tax to support the housing market and protect and create jobs.
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BUDGET 2021
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BUDGET 2021
BUDGET 2021
Budget 2021:
An investment-led recovery The Chancellor announced a radical new super-deduction tax incentive for companies investing in qualifying plant and machinery will mean for every pound invested companies will see taxes cut by up to 25p.
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Budget 2021:
An investment-led recovery
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requirement to return the public
New super-deduction tax incentive The Chancellor announced a radical new tackle climate change and promote economic
Administrations to ensure the delivery of Freeports greenhouse gas emissions
Budget 2021: Personal tax Personal Allowance and
improve their management and adopt new
Inheritance Tax nil-rate band and residence nil-rate band
National Insurance contributions (NICs) thresholds
Capital Gains Tax Annual Exempt Amount (AEA) uprating
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BUDGET 2021
BUDGET 2021
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BUDGET 2021
BUDGET 2021
Budget 2021:
£27 million in the Aberdeen Energy Transition Zone and £5 million in the Global Underwater Hub in Scotland, the
Welfare
Transition Deal.
Budget 2021:
furlough scheme extended
Budget 2021: Housing
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Universal Credit increase
Temporary Stamp Duty Land Tax (SDLT) cut
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Universal Credit surplus earnings threshold
Budget 2021:
New mortgage guarantee scheme
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Scotland, Wales and Northern Ireland
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Coronavirus Job
Universal Credit Minimum Income Floor suspension All other eligibility criteria will remain the of the pandemic, the Chancellor of the
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The value of the grant will be determined
Universal Credit debt deductions cap and advance repayments
Self-Employment Income Support Scheme (SEISS) fourth grant
Change to Support for Mortgage Interest for claimants moving home
Bringing forward exemptions to the
Income Tax exemptions for expenses
£27 million in the Aberdeen Energy
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BUDGET 2021
BUDGET 2021
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Budget 2021: What does it mean
please contact us.