Budget 2017: What the Experts Say

Industry insiders give their views on the 2017 Budget - giving Philip Hammond an A* for innovation spend but a C- for the raid on self-employed purses

Emma Wall 8 March, 2017 | 2:03PM
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This week as part of our Guide to ISA Investing we reveal the top rated and top performing stock and fund ideas – as well as sharing where the experts stash their cash, the latest news from the 2017 Budget Report and how to reduce your tax bill.

“Expect More Pension Contributions”

Les Cameron, head of technical at Prudential

The introduction of Pension Freedoms in 2015 combined with the abolition of the dividend tax credit last year, has already resulted in many business owners revaluating at their remuneration strategies, making greater use of the tax advantages of pension contributions. As a result of the effective increase in dividend taxation, arising from today’s announcement of the reduction of the Dividend Tax Allowance from £5,000 to £2,000 we expect to see more financial planning in this area.

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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

Emma Wall  is former Senior International Editor for Morningstar

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