See what the Budget means for you, plus more award-winning insight and guidance
| By Ben Wilkinson, Head of Personal Finance | | Personal finance journalists often joke that the Budget is like Christmas, and the Chancellor’s announcement this week certainly lived up to the hype.
The Telegraph's money team has been working flat-out to help you navigate the changes and make the most of them.
Pensions were the big winners this year, with the abolition of the lifetime cap on savings creating a highly lucrative new way of dodging inheritance tax for those who plan well enough.
Sadly it wasn’t all good news. Income tax thresholds remain frozen, leaving millions of workers facing a higher tax bill. In fact, the tax burden is now at its highest level in decades. If you’re struggling to work out how this will affect you, we have created these calculators to help you find out.
Of course, the threat of Sir Keir Starmer’s Labour Party has not gone away. I’ve written here about the opposition’s hatred of wealth. It has already pledged to reinstate the lifetime allowance if elected – an illogical move that would simply add more burden to the NHS.
If the Budget was like Christmas, then we are fast approaching the New Year. Don’t forget that the end of the tax year on April 5 means you have just two weeks to make these four tax-saving decisions before it’s too late. | | | | Winners and losers from the Spring Budget – and what it means for your money | | | | What does the Budget mean for me? Use our tax calculators to find out
| | | | | Labour has learned nothing from its disastrous record of pensions meddling | | | | Four tax-saving decisions you must make this month
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