Autumn Statement 2011 - Financial Planning Specialists

Cooper & Associates Wealth Management
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Wealth Management

Autumn Statement 2011

Yesterday the Chancellor presented his Autumn Statement for 2011. We have prepared a free 8 page analysis highlighting the key impacts and this is attached.

In summary the main points are:

• the state pension age will rise from 66 to 67 from 2026, eight years earlier than originally planned
• the Government will launch a new tax advantaged investment in April 2012, offering 50% income tax relief in addition to a one off capital gains tax incentive
• the capital gains tax exemption will be frozen for 2012/2013 at £10,600
• the Government reminded us of its previous planned cuts to corporation tax - a 1% cut to the main rate of corporation tax to 25% from April 2012 along with successive reductions of 1% each year to a rate of 23% by 1 April 2014
• in the days leading up to yesterday’s announcement the Minister for Pensions confirmed that the staging dates for auto-enrolment will be amended for small businesses. They will now be expected to auto-enrol employees from May 2015 instead of April 2014.
• as previously announced the annual ISA subscription limit will increase in line with CPI to £11,280 (£5,640 for cash ISAs) for 2012/2013
• prior to the Autumn Statement, HMRC announced an improvement to the pension carry forward rules for years 2008/2009, 2009/2010 and 2010/2011

We hope this briefing note is of use to you and would welcome any questions that you may have. If you would like to discover how Cooper & Associates can help you develop your financial plan, please call Jim Cooper on 01628 762694 for a no obligation initial discussion.

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[ Autumn Statement 2011 - Summary Analysis ]

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In this section:
	Autumn Statement 2011
	Coping With Market Volatility
	New ISA Subscription Limits for 2011-12 Tax Year
	Emergency Budget 2010 - Summary
	Budget Report 2010
	ISAs: Budget changes and the new limits