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'Can I have two Isas?': Your biggest Isa questions answered

'Can I have two Isas?': Your biggest Isa questions answered
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

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'Can I have two Isas?': Your biggest Isa questions answered

One reader needs cash for a future getaway
Credit: Sylvain Sonnet/Corbis
Billions of pounds has been kept from the clutches of the taxman since individual savings accounts, known as Isas, were introduced in 1999. In the last tax year alone, £67.5bn was saved by adults in Britain, an increase of £2.3bn compared with the previous year.
But while Isas offer a simple chance to save tax free, they also throw up a range of questions. There has been a proliferation of Isas launched in recent years, and accounts now cover everything from savings for children to retirement planning. Here Telegraph Money answers some of your biggest Isa questions. ....

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Sunak hikes corporation tax but exempts small businesses

Sunak hikes corporation tax but exempts small businesses
By
Sonia Rach
3
Image credit: HM Treasury
Chancellor Rishi Sunak has announced he is increasing corporation tax from 19 per cent to 25 per cent.
In the Budget today, Sunak outlined that corporation tax will rise to 25 per cent from April 2023.
Given the amount of government support for businesses during the Covid-19 crisis, Sunak said it was “fair and necessary” to ask them to contribute to the recovery.
He acknowledged that such moves “might not be popular but are honest” given the state of the public finances.
Even after this change the UK will still have the lowest corporate tax rate in the G7, Sunak said. ....

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A business Budget: Super deductions and freeports are coming

Business has been placed at the heart of today s Budget and the Chancellor has announced a number of sweeping changes to try and bolster jobs and investment up and down the country.
Among a string of big-ticket announcements, we now know there s a surprise new super deduction plan on the way, corporation tax is going up and freeports are coming in eight new locations.
For ordinary people, there s a lot of jargon and pretty complex ideas and concepts to get to grips with, so here, we outline what all this means for businesses, the people that work in them and the taxman, otherwise known as HM Revenue & Customs. ....

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Spring Budget 2021: Chancellor hikes corporation tax to 25% from 2023

Spring Budget 2021: Chancellor hikes corporation tax to 25% from 2023
Personal thresholds remain frozen
Corporation tax will go up to 25% from 2023, but personal tax thresholds will be frozen, Chancellor Rishi Sunak has said in his Budget speech today.
Sunak told the House of Commons the move may not be popular but it was fair as the economy recovers after the Covid-19 pandemic. He added the UK would still have the lowest corporation tax in the G7.
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