Please see below an article from Brewin Dolphin which was published and received yesterday (23/03/22) evening. This article outlines their thoughts on the 2022 Spring Statement, which was delivered to the House of Commons yesterday by the Chancellor, Rishi Sunak:
As you can see from the above, the economic outlook remains uncertain as it remains to be seen what the full impact will be on us of Russia’s invasion of Ukraine.
The positive news is the National Insurance equalisation, to bring this in line with the Personal Allowance of £12,570.00 from 06/07/2022. This will help ease some of the burden of the National Insurance increase which is due to come into effect from 06/04/2022.
As the article outlines, with the personal allowances being frozen until 2026, it is more important now to make full use of the reliefs and allowances available, such as Pension contributions and saving into ISAs etc.
Please continue to check our Blog content for advice and planning issues and the latest investment, markets and economic updates from leading investment houses.
Please keep safe and healthy.
Carl Mitchell – Dip PFS
Independent Financial Adviser
24/03/2022