{"id":74,"date":"2013-01-03T10:06:33","date_gmt":"2013-01-03T10:06:33","guid":{"rendered":"http:\/\/www.esmartproducts.co.uk\/wordpress\/?p=74"},"modified":"2013-01-03T10:06:33","modified_gmt":"2013-01-03T10:06:33","slug":"autumn-statement-2012","status":"publish","type":"post","link":"https:\/\/www.suretyfp.com\/wordpress\/?p=74","title":{"rendered":"Autumn Statement 2012"},"content":{"rendered":"<h3>Key announcements from the Chancellor at a glance<!--more--><\/h3>\n<p><strong>Economic Growth<\/strong><\/p>\n<ul>\n<li>Forecasts for the next few years are: 1.2% in 2013, 2% in 2014, 2.3% in 2015, 2.7% in 2016 and 2.8% in 2017.<\/li>\n<\/ul>\n<p><strong>Pensions and Benefits<\/strong><\/p>\n<ul>\n<li>Most working-age benefits to rise by 1% for each of the next three years.<\/li>\n<li>From 2014\/15 lifetime pension relief allowance to fall from \u00a31.5m to \u00a31.25m \u2013 annual allowance cut from \u00a350,000 to \u00a340,000.<\/li>\n<li>Capped drawdown limit increased for pensioners of all ages with these arrangements from 100% to 120% of the value of an equivalent annuity.<\/li>\n<li>Basic state pension to rise by 2.5% to \u00a3110.15 a week.<\/li>\n<li>Child benefit to rise by 1% for two years from April 2014.<\/li>\n<\/ul>\n<p><strong>Taxes and Allowances<\/strong><\/p>\n<ul>\n<li>Personal basic income tax allowance for those aged under 65 increasing by \u00a31,335 in cash terms to \u00a39,440 in 2013\/14.<\/li>\n<li>Higher rate threshold to rise to \u00a341,450 in 2013\/14, to \u00a341,865 in 2014\/15, and in 2015\/16 it will be \u00a342,285.<\/li>\n<li>Main rate of corporation tax to be cut by extra 1% to 21% from April 2014.<\/li>\n<li>Capital gains annual exempt will increase to \u00a311,000 in 2014\/15 and \u00a311,100 in 2015\/16.<\/li>\n<li>Temporary doubling of small business rate relief scheme to be extended by further year to April 2014.<\/li>\n<li>Inheritance tax threshold to be increased to \u00a3329,000 in 2015\/16.<\/li>\n<li>Bank levy rate to be increased to 0.130%.<\/li>\n<li>\u00a35bn over six years expected from treaty with Switzerland to deal with undisclosed bank accounts.<\/li>\n<li>ISA contribution limit to be raised to \u00a311,520 from 6 April.<\/li>\n<li>Prosecutions for tax evasions up<br \/>\n80%, with anti-abuse rule to come in.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key announcements from the Chancellor at a glance<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/74"}],"collection":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74"}],"version-history":[{"count":0,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/74\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}