How the Budget 2014 will impact employers


Find out how key announcements in Chancellor George Osborne’s Budget 2014 will affect benefits:

More flexibility to be allowed when taking DC pension savings

Government to guarantee free financial guidance for DC pension members

Compulsory pensions annuitisation scrapped

Employer-supported childcare vouchers to go

Government to consult on four tax simplifications

Personal allowance increase could impact auto-enrolment eligibility

Government to ban public sector pension transfers

New employer contributions for public sector pensions

Flexibility on pension pots could hurt low earners

Trivial commutation limits to increase

Share plan savers benefits from Isa limit increase

Public sector pay awards limited to 1% until 2016

Company car tax rates to increase from 2017

Fuel duty to be frozen until 2015