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Don’t Be A Budget-Bystander

Ah, the Chancellor’s spring budget speech. A time when the person with the red briefcase who is in charge of the Country’s finances spends an hour or so talking financial jargon to give us a glimpse into the nation’s economic future.

With so many other priorities and things to do in life, it’s unsurprising that the Spring Budget is likely to pass many of us by. However, it could be worth our while taking notice of what the Chancellor has to say beyond whether they are putting 2p on a litre of petrol or 15p on a bottle of wine!

The reason why is that when the Chancellor stands up to do their budget speech it is a sneak peek into the taxman’s playbook. The Chancellor outlines changes to tax and National Insurance rates, allowances, and thresholds that could directly impact our income. Ignoring this crucial information could mean paying more tax than we have to!

Now, you might be thinking, “But why should I care about personal allowances? Isn’t that just accountant speak?” We think not! Understanding your personal allowances can be the difference between paying a small fortune in taxes, and keeping more of your money where it belongs – in your bank account or saved for your future.

Personal allowances are like a golden ticket to tax efficiency. They represent the amount of income you can earn before the taxman comes knocking at your door. And let’s be honest, who wouldn’t want to keep more of their money for themselves?

So fear not, budget-bystanders, Better with Money can simplify what it means for you and your teams in the form of our Understanding Personal Allowances webinar.

Better with Money’s webinars are specifically designed to be interesting and accessible and Understanding Personal Allowances webinar is no different. This engaging webinar aims to help employees understand areas of tax that are important to their financial wellbeing now, and in the future. This includes helping them work out if they are getting, and using, all the tax allowances and reliefs the Government provides each year, how to save and invest with a boost from the Government, and what the budget changes mean for them.

Armed with this knowledge it’s even possible that your employees will resist the urge to tune out the next time the Chancellor takes to the stand to deliver their budget speech. Or they must just want another webinar that takes away the mystery and summarises the position in plain English! After all, knowledge is power, and when it comes to our finances, ignorance is definitely not bliss.