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Pensions credit to rise by 13 per cent by 2007

Pensions credit will rise by 13 per cent, in line with earnings, between now and 2007 meaning pensioners will be guaranteed a minimum weekly income of 119 a week in two years time.

This is up from 69 a week in 1997. Those couples with a combined income of less than 212 per week will be eligible, an estimated 3.7m pensioners.

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IHT threshold to rise to 300,000 in 3 years

The inheritance tax threshold will be raised from 263,000 to 275,000 this year, rising to 285,000 next year and 300,000 the year after, said Chancellor Gordon Brown in his Budget speech today.He said 94 per cent of UK estates will not be liable for IHT. Rates will be frozen on capital gains tax, corporate taxation […]

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