Here’s what the chancellor’s plans mean for you

Chancellor Jeremy Hunt’s statement is full of policies that will affect your finances in the coming years. …

The threshold at which people start to pay inheritance tax will also be frozen, and the dividend allowance (the amount you can receive each year in dividends, if you own shares, before paying tax) will be cut from £2,000 to £1,000 next year and then to £500 from April 2024. The allowance stood at £5,000 as recently as 2018.

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