Baxter Fensham Limited Financial Planners - Financial Planners, Wealth Managers, Tax Planners

In his first Budget speech as Chancellor of the Exchequer, George Osborne set down a number of measures which will form the basis of a five year plan to rebuild the British Economy.

As some of you may know, the minimum pension age for drawing a private pension will rise from age 50 to age 55, from April 2010

In the budget the chancellor announced the introduction of a 50% tax rate for those with taxable earnings above £150,000. However the position is more complicated than this, as what was not made quite so clear was that there will in fact be an increased tax take between 40% and 42.29% for anyone earning above £100,000.