BUDGET 2014 AT A GLANCE [...].
BUDGET 2014 AT A GLANCE PERSONAL T? Personal tax allowance to be
raised to PS10,500 next year; PS800 average savings ? Higher rate
threshold for 40p income tax to rise from PS41,450 to PS41,865 next
month and then by further one per cent to PS42,285 next year ?
Transferable tax allowance for married couples to rise to PS1,050 T? 15
per cent stamp duty on homes worth more than PS500,000 bought through
companies ? Inheritance tax waived for emergency services personnel who
"give their lives protecting us" ? VAT waived on fuel for air
ambulances and inshore rescue boats ? Fuel duty rise planned for
September cancelled PENSIONS/SAVINGS ? All tax restrictions on
pensioners' access to pension pots removed and tax on cash removed
on retirement cut from 55 per cent to 20 per cent ? Abolition of 10p
starting rate of tax on income from savings ENERGY ? PS7 billion package
to cut energy bills ? Compensation scheme for energy intensive
industries extended to 2019/20; PS1 billion to protect manufacturers
from cost of green levies LEISURE ? Tobacco duty to rise by two per cent
above inflation ? Duty on spirits and ordinary cider frozen. Beer duty
cut by 1p a pint ? Duty on fixed-odds betting terminals increased to 25
per cent ? Bingo duty halved to 10 per cent.