Autumn Statement 2012: Facts and Figures for Financial Planners/IFAs


Here’s a quick snapshot of the relevant facts and figures in the Chancellor’s Autumn Statement 2012




Effective Date (Tax Year)


Basic Personal Allowance



 previously expected to be £9205
Higher Rate Income Tax Threshold

Increase of  1% pa

2014/15 and 2015/16

From £41,450 in the current tax year to £41,865 in 2014 /15 and £42,285 in 2015/16.
Annual CGT Allowance



IHT Threshold




 Frozen at £325,000 since 2009
Corporation Tax (Main Rate)



Represents a cut of  1% on the main rate corporation tax
Fuel duty increase  


Jan 2013

3p/litre increase was planned  January 2013

ISAs & Pensions






Consultation to consider allowing AIM stocks to be held in ISA
Capped Drawdown

From 100% of GAD to 120% of GAD

No Date


No actual date in the statement. Analysts assume this to  be effective immediately
Pensions Annual Allowance

From £50,000 to £40,000


Currently £50,000
Lifetime Allowance

From £1.5m to £1.25m


New ‘personalised protection regime’ is being considered for those who are already close to or over £1.25m








Abraham Okusanya
Abraham is the founder of FinalytiQ, a research consultancy for platforms, asset managers, and advisory firms. Recognised as one of the country’s leading experts in retirement income, platforms and investment propositions, Abraham has authored several papers on these subjects and delivered talks to the Personal Finance Society, The FCA and several conferences across the country.

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