Your Free Autumn Statement 2023 Summary and Highlights
Nov. 23, 2023, 10:27am
Chancellor Jeremy Hunt delivered the Autumn Statement on 22 November 2023.
Autumn Statement Download – AVAILABLE NOW:
Here, we highlight the key talking points affecting you or your business. PLUS, watch out for our next Tindles Takeaway for a further review of that statement with additional commentary and observations from our expert team!
Some Background.
The 2023 Autumn Statement outlines the Government’s spending plans by setting budgets for each central government department. With an election looming in late 2024 / early 2025, this is the Chancellor’s last chance to sway undecided voters, but it’s certainly not an easy task.
A Quick Summary.
The Chancellor announced Employee National Insurance tax cuts from 12% to 10% from January 2024 as well as to cut National Insurance Contributions for the self-employed from April 2024.
Furthermore, he confirmed that the National Living Wage is set to rise to £11.44 from April 2024 and, for the first time, will be extended to those aged 21 and over.
In the Chancellor’s speech it was also revealed that the state pension is set to rise 8.5% as the triple lock is confirmed.
Our Expert Guidance.
Our summary of the Chancellor’s Autumn Statement is now available – click here to download it.
Within our summary we have included informative comments to help you assess the likely effect that the proposed changes may have on you personally and their significance. In addition, we provide an outline of the main areas of taxation covered in the Autumn Statement. We have included observations on the more significant changes, together with any planning points that may arise.
For more detailed, one-to-one advice on any of the issues raised in the Chancellor’s speech, or if you would like advice on the best possible course of action in a particular area, please get in touch with our friendly team today. Call 01642 878555 or email: team@tindles.co.uk
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