Will the Budget minimize taxes – and eliminate these traps? TiM podcast

With the Budget tipped to be the Chancellor’s final roll of the cube earlier than a General Election, expectations over tax cuts are rising.

But what taxes might Jeremy Hunt select to chop and why – and is there hope that he’ll kind out the tax mess that Britain has acquired caught in?

The larger revenue baby profit cost creates marginal tax charges above 50 per cent, in the meantime the elimination of the non-public allowance bakes in a 60 per cent revenue tax charge between £100,000 and £125,140.

Should these tax traps and painfully excessive stamp responsibility be eliminated? On this week’s podcast Simon Lambert argues that Mr Hunt must have a filter out, chuck a load of stuff within the silly tax field after which bin it.

Simon, Georgie Frost and Lee Boyce look forward to what might be within the Budget and what it could imply for you.

Also, on this week’s episode, vitality payments are because of fall as the worth cap is minimize however how a lot will this prevent?

It’s not simply tax catching individuals out, scholar loans are additionally proving troublesome to shift as curiosity mounts up because of excessive inflation. Does the scholar finance system want a form out too? And what’s Simon’s triple lock for scholar loans plan?

And lastly, don’t get spear phished or faucet jacked, Lee talks us by way of the brand new scams you want to learn about.