"Budget 2024: Unraveling Taxation on Pensions and Britain's Latest Tax Cuts"
TL;DR Summary
BBC experts answer questions about the impact of Chancellor Jeremy Hunt's Budget on personal finances, including concerns about pension tax, the delayed vaping tax, changes to child benefit thresholds, effects on low earners, and the implications of the 2% National Insurance cut. The freezing of tax thresholds is expected to drag more pensioners into paying income tax, while the Budget's impact on National Insurance contributions and the state pension is also discussed.
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