Besides the announcements of the increase in Personal Allowances and tax thresholds, there was very little of immediate interest.
There were many possible future changes announced but most will not come into effect until much later - either from this Autumn or from April 2016. There is little to gain in seeking to comment on these possible future developments at this point because they are little more than promises which will be subject to various reviews and changes and all of which rely on the results of the May election. We would particularly draw attention to the Government’s announcement about wanting to make it possible for those taking annuities to exchange them for a cash lump sum. This is still only a proposal and it will be long after the 6th of April, if ever, that this becomes a real possibility.
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