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The UK Autumn Statement. What does it mean for pensions and tax?

Blevins Franks Spain. https://www.blevinsfranks.com

What was delivered in the Autumn Statement? UK residents will benefit from the cuts in National Insurance Contributions, though income tax thresholds (which can affect British expatriates living in Spain) remain frozen.

The pensions triple lock remains in place, which is good news for the state pension. At the same time, three new pension allowances were confirmed which may have tax implications for large pension funds.

Read this Blevins Franks article to learn more:

Full article

Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.

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