Each year, we publish our Langdowns DFK report, outlining everything you need to know from the Chancellor’s Budget announcements. Last week’s changes include:
- The national living wage applicable to over-23s increases by 6.6%
- The dividend allowance remains at £2,000 for 2022/23, however, each of the three tax bands will increase by 1.25%
- The time limit to report and pay capital gains tax on the disposal of UK residential property will increase to 60 days
- From 6 April 2028, the normal minimum pension age where savers can access their pensions without incurring an unauthorised tax charge, will rise to 57 years old
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