Quick Budget Update – Pensions, NISAs, Allowances
Personal Allowances Personal allowances are fixed for 2014/15 at £10,000, the level promised in the Coalition Agreement. However, the recent Budget announced that there will be a further (above inflation) increase to £10,500 for 2015/16, in line with the allowance currently available to taxpayers aged 65 to 74. Those aged 75 and over will continue