• Rachael Panteney

Budget 2021 Summary

Here is a summary of the main points, announced by Rishi Sunak on 3rd March 2021.

Pandemic proof your financial future

Pandemic proof your financial future

95% Mortgages available from April 2021

High Street lenders such as NatWest, HSBC, Barclays and Lloyd’s already confirmed with more to follow.











Pandemic proof your financial future

Stamp Duty Holiday extended

Purchases under £500,000 still stamp duty free until 30th June 2021. Then under £250,000 free until end of September 2021.

October 1st the Nil Rate Band returns to £125k.








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Furlough extended until 30th September














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Self Employed Grant now available to those who started businesses in 2019/20 tax year (nothing announced for LTD company directors)


£20 uplift in Universal Credit worth £1,000 a year to be extended for another six months


Working Tax Credit claimants will get £500 one-off payment


Minimum wage to increase to £8.91 an hour from April

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No changes to rates of income tax, national insurance or VAT


Personal income tax allowance to be frozen at £12,570 from 2022 to 2026


Higher rate income tax threshold to be frozen at £50,270 from 2022 to 2026







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No changes to inheritance tax or lifetime pension allowance or capital gains tax allowances













*This is designed to be a summary only. For the full budget please visit https://www.gov.uk/gov.../publications/budget-2021-documents*


Pandemic proof your financial future

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