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Budget 2018

Spring Statement: the essential information for the new tax year


The Spring Statement didn’t have the fireworks of a full Budget, however there are still a lot of key changes in the coming tax year for advisers to keep in mind.

April will see moves in income tax rates and allowances as well as national insurance contributions. This year there will also be a cut in the dividend allowance and some special new tax rates for Scottish taxpayers.

We’ve prepared a handy summary of the key changes for the forthcoming 2018/19 tax year that have already been announced and passed into law, as well as a downloadable booklet listing the new tax tables.

Read the Spring Statement

Download the 2018/19 tax tables

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Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.