9th March 2017

March 2017 Budget – Prudential Analysis

There seems to have been a continual stream of key announcements and regulatory changes for the last few years. Like many people involved in the planning world we were hoping for a quiet Budget to give us time to catch our collective breaths and regroup. 

At 12.37 yesterday afternoon the Budget speech began and we got what we hoped for – a quiet budget.

We should probably remember it’s a game of two halves this year, it’s only half time and there’s another Budget in the Autumn.

A couple of things from left field in Prudential’s view.  Changes to the level of dividend tax allowance have been announced. And there’s been a change to the QROPS rules which may need immediate action or a 25% plus tax charge may follow.

There are some other bits and bobs from the speech and from the wider Budget related documents which you’ll need a passing awareness of and it’s probably also worth a quick reminder of the pre announced things that will land on 6 April.

Prudential’s Technical Managers have been working hard since then to analysis what this means for you and your clients. This is now available for you to read, please click on the following link.

Budget