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Pitched as a “Budget that puts the next generation
irst”, George Osborne’s speech contained a number of
announcements aimed at helping people save for the future.
For businesses, measures included changes to business rates
and the abolition of class 2 national insurance contributions
for the self-employed.
And, as we’ve come to expect from such occasions, there
were a few surprises too.
The following report summarises the announcements made
by Chancellor George Osborne during the Budget 2016 on
16 March 2016.
Important information:
The way in which tax charges
(or tax relief, as appropriate) are
applied depends upon individual
circumstances and may be
subject to change in the future.
The information in this report is
based upon our understanding of
Budget 2016, in respect of which
speciic implementation details may
INTRODUCTION
1
| Budget Report 2016
change when the inal legislation
and supporting documentation are
published.
This document is solely for
information purposes and
nothing in this document is
intended to constitute advice or a
recommendation. You should not
make any investment decisions based
upon its content.
Whilst considerable care has been
taken to ensure that the information
contained within this document is
accurate and up-to-date, no warranty
is given as to the accuracy or
completeness of any information.