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October 2021 Budget: key tax implications

Submitted by Sestini & Co | on Mon, 11/01/2021 - 9:19 | In Budget, Pensions, Tax planning and pensions

Chancellor Rishi Sunak in the 27th October Budget freely acknowledged that taxes are at their highest for 70 years, but pledged to cut them against a backdrop of positive news from the OBR calculating that the economy will hit pre-Covid levels by the end of 2021, and that the economy is expected to grow by 6% in 2022.

“By the end of this Parliament, I want taxes to be going down not up,” he said.

We’ve highlighted below key tax points from [- -]

Tags: Budget2021, HMRC, Pensions, Tax