spring budget

Chancellor Philip Hammond will deliver his Spring Budget 2017 speech at approximately 12.30pm on Wednesday 8 March 2017.

Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact employers and staff.

In the Autumn Statement 2016, key announcements included an increase in the standard rate of insurance premium tax (IPT), a reduction in the money purchase annual allowance, an increase in the national living wage rate, and confirmation that the range of benefits that attract tax and employer national insurance advantages when offered through a salary sacrifice arrangement will be limited.

Follow @EmployeeBenefit on Twitter for real-time coverage of the Spring Budget.