Chancellor George Osborne announced the Budget on 18 March 2015.

Here is a round-up of all the key announcements impacting employee benefits:

The personal tax allowance will be increased to £10,800 from April 2016, and to £11,000 from April 2017. It will save the average taxpayer £905 a year by 2017–18: bit.ly/1xygluv

Company car tax rates for ultra-low-emission cars will increase more slowly from 2019–20. In addition, rates for other cars will increase by three percentage points at the same: bit.ly/1xf2LBI

The fuel duty increase planned for 1 September 2015 will now be cancelled. This was due to rise by 54p per litre but it will remain frozen. It equates to a saving of £675 for a typical company car driver: bit.ly/1xf2LBI

The Budget confirmed that the national minimum wage will rise to £6.70 in October 2015: bit.ly/1O6ERgD

The government’s guidance guarantee service Pension Wise is set to receive an additional £19.5m worth of extra funding to help with the demands of the new pension freedom reforms: bit.ly/1DANHA8

The point at which higher-rate taxpayers must start to pay 40% tax has increased. It will rise by £315 in 2016–17, and by £600 in 2017–18. This will take the higher-rate tax threshold to £43,300 by 2017–18: bit.ly/1AFIMaS

From 6 April 2015, an income tax exemption for payments made for advice on transfers out of defined benefit (DB) schemes to defined contribution (DC) pension schemes will be introduced: bit.ly/19zTd9D

The Budget confirmed that from April 2016 the pension freedoms have been further extended to remove the restrictions on buying and selling existing annuities: bit.ly/1H2cUo6

From April 2016, the pensions lifetime allowance (LTA) limit will reduce from £1.25m to £1m. From 2018, the limit will be index-linked and adjusted according to the level of inflation: bit.ly/1Ew4hPo

A statutory framework for voluntary payrolling and exempt certain reimbursed workplace expenses will be introduced. From April 2016, the government will also remove the £8,500 threshold below which workers do not pay income tax on certain employee benefits in kind: bit.ly/1AJbMi5