Moneywise users want savings incentives to be announced in the Budget

7 March 2017

Incentives for savers is what the majority (28%) of users want to see announced by Chancellor Philip Hammond in tomorrow’s Budget, according to our latest poll results.

The scrapping of buy-to-let tax changes follows this with 23% of the 1,036 people who voted selecting it. The amount of tax relief landlords can claim on mortgage payments will fall from the tax rate they currently pay to the basic rate of 20% in phases this April.

At the other end of the housing scale, only 3% want new or improved schemes to help first-time buyers. See our guide to Mortgage schemes for first-time buyers

When it comes to pensions, 15% of those who voted said the most important issue for them is a commitment to keep the triple lock, which sees pensions rise each year by the higher of inflation, the increase in average earnings or 2.5%.

However, a recent report from the Work and Pensions Committee warns that keeping the triple lock will push the state pension age beyond 70.  

Only 4% of those who voted said a promise to keep the higher rate of tax relief on pensions was their main concern.

One in ten (13%) said an increase in the amount you can pass on free from inheritance tax (IHT) was the most important issue they’d like to see announced – see How to protect yourself from IHT.

Meanwhile, 9% want a further freeze to fuel duty. The tax has remained at 57.95p per litre since March 2011.

See the pie chart below for the full results.


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