{"id":2652,"date":"2015-04-07T00:00:00","date_gmt":"2015-04-07T00:00:00","guid":{"rendered":"http:\/\/dev1.2facearts.com\/index.php\/savings-boost\/"},"modified":"2015-04-07T00:00:00","modified_gmt":"2015-04-07T00:00:00","slug":"savings-boost","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/savings-boost\/","title":{"rendered":"Savings boost"},"content":{"rendered":"<p>\n\tThere were a number of changes to promote savings in the Budget. The main changes are set out below:<\/p>\n<ul>\n<li>\n\t\t<strong>Help to Buy ISA<\/strong><\/li>\n<\/ul>\n<p>\n\tFrom autumn 2015, a new ISA is being launched that will enable first time buyers to save for their deposit. An initial deposit of &pound;1,000 is allowed with additional monthly savings of up to &pound;200.<\/p>\n<p>\n\tThe Government will top up these savings by 25% up to a maximum of &pound;3,000 (when deposits by the saver reach &pound;12,000).<\/p>\n<p>\n\tThe bonus can only be put towards a first time buy of up to &pound;450,000 in London or &pound;250,000 elsewhere.<\/p>\n<ul>\n<li>\n\t\t<strong>ISA flexibility<\/strong><\/li>\n<\/ul>\n<p>\n\t&nbsp;From autumn 2015, ISA savers will be able to withdraw and replace money from their ISAs without using up their ISA subscription limit.<\/p>\n<ul>\n<li>\n\t\t<strong>Personal savings allowance<\/strong><\/li>\n<\/ul>\n<p>\n\tFrom April 2016, basic rate taxpayers will not have to pay tax on the first &pound;1,000 of interest received on savings, and higher rate (40%) taxpayers will not have to pay tax on the first &pound;500 of interest received. The allowance will not be available to additional rate (45%) income taxpayers.<\/p>\n<ul>\n<li>\n\t\t<strong>Premium Bonds investment limit<\/strong><\/li>\n<\/ul>\n<p>\n\tThis limit is increased from &pound;30,000 to &pound;50,000 on 1 June 2015.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>There were a number of changes to promote savings in the Budget. The main changes are set out below: Help to Buy ISA From autumn 2015, a new ISA is being launched that will enable first time buyers to save for their deposit. An initial deposit of &pound;1,000 is allowed with additional monthly savings of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2652","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2652"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2652\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}