Chancellor George Osborne released his Autumn Statement last month. The most significant item in the Finance Bill will be the change in allowances for pensions.
From 2014/15 the annual pension allowance will be reduced to £50,000 to £40,000, this allowance was previously £100,000. The standard lifetime allowance will reduce from £1.5m to £1.25m.
Another measure is the annual levy on properties worth more than the £2m and owned by non-domiciled individuals. Osborne continues to get tough on stamp duty and has introduced annual charges of up to £140,000 and capital gains tax for luxury homes owned by companies.