Budget 2013: How It Affects You

The latest budget has a little bit of something for everyone

Alanna Petroff 20 March, 2013 | 3:44PM
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Chancellor George Osborne revealed his latest Budget in a statement on Wednesday, saying "this is a Budget for people who aspire to work hard and get on."

The following are some key points from the Budget, which may affect you, your finances and your investments:

- The personal tax allowance will rise to £10,000 in the 2014-15 tax year. This means that you will not pay tax on the first £10,000 that you earn in income each year. As previously announced, the allowance for the 2013-2014 year will rise from £8,105 to £9,440.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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