---
title: "George Osborne today delivered his 5th budget and some of the key points are noted below"
url: https://www.philandersonfinancial.co.uk/george-osborne-today-delivered-his-5th-budget-and-some-of-the-key-points-are-noted-below/
description: "What’s your thought’s on the budget? Is it good for the North-East? Is it good for you individually? Some of the Key Points – ◾The point at which people…"
updated: 2014-03-24
publisher: Phil Anderson Financial Services (FCA 631218)
---

# George Osborne today delivered his 5th budget and some of the key points are noted below

What’s your thought’s on the budget? Is it good for the North-East? Is it good for you individually?

Some of the Key Points –

◾The point at which people start paying income tax will be raised to £10,500

◾Threshold for 40p income tax to rise from £41,450 to £41,865 next month and by a further 1% to £42,285 next year

◾Annual limit for saving in Isas will rise to £15,000

◾GDP forecast to grow by 2.7% this year and 2.3% next year, then by 2.6% in 2016 and 2017 and by 2.5% in 2018

◾Fuel duty rise planned for September will not happen

◾A new £1 coin to be introduced in 2017

◾Inheritance tax waived for members of the emergency services who give their lives in job

◾Tax on homes owned through a company to be extended from residential properties worth more than £2m to those worth more than £500,000

◾Business rate discounts and enhanced capital allowances in enterprise zones extended for three years

◾£200m made available to fix potholes

◾Beer duty cut by 1p a pint

◾Duty on ordinary cider frozen

◾Tobacco duty to rise by 2% above inflation

If you would like to discus any of the changes to ISA’s, tax or pensions please contact the office on 01224 900879 or 01358 268166.

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