• Rachael Panteney

Budget 2021 Summary

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


95% Mortgages available from April 2021

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











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.








Furlough extended until 30th September














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

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







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*



Willow Tree Financial Services.

A6 Chaucer Business Park,

Dittons Road, Polegate.

East Sussex, UK.

BN26 6QH

01323 436680

rachael@willowtree-fs.co.uk

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