Fuel Duty frozen - and air passenger duty abolished for under 12s from 1st May
Stamp duty for residential properties
No duty is to be paid on a sale price up to £125,000. It’s then 2% on the next £125,000, 5% on the next £675,000, 10% on the next £575,000 and 12% on the remainder of the purchase price.
The tax-free personal allowance will rise to £10,600
The highest rate of tax will apply from £42,385
Business, enterprise and employment
High street retailers business rate discount rising from £1,000 to £1,500 for 1 year from 2015
£45m package will be made available for first time exporters
Business rate relief for businesses in flooded areas
Research - 230% tax relief for SMEs and an 11% relief for large companies
Employer NICs will be abolished for apprentices under 25
Pensions, savings and benefits
‘Death tax’ on certain pension funds is to be abolished so that people can pass on their pension pots tax-free.
£15,000 ISA allowance will rise to £15,240 and will also be tax-free if it is inherited.
£2bn per year for the NHS. This is in addition to a £1.2bn investment that will be made for GPs.
Up to £2,000 NIC employment allowance relief extended to individuals who employ care and support workers
VAT refunds for hospice charities.
Government backed student loan for Postgraduate degree students up to the value of £10,000.