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Metro UK Article Rating

How to protect your money ahead of Rachel Reeves' Budget

  • Bias Rating
  • Reliability

    20% ReliableLimited

  • Policy Leaning

    -10% Center

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

15% Positive

  •   Liberal
  •   Conservative
SentenceSentimentBias
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Bias Meter

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-100%
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Bias Meter

Contributing sentiments towards policy:

58% : Make £3,000 of gains Everyone has a Capital Gains Tax allowance of £3,000, which means you can make £3,000 of profit on assets you sell, such as shares, valuable items like furniture or antiques or property, without paying tax.
57% : For a child's pension the maximum annual contribution is £2,880 plus another 20 per cent tax relief (up to £720).
55% : Even though most children pay no tax they can still benefit from tax relief on pensions, which is essentially free money from the government, and with rumours over tax relief on pensions being capped, this may be more important than ever.
54% : If you have shares outside an Isa and Isa allowance to spare, you could sell them, realise £3,000 of gains tax free and then buy the same shares back in the Isa so you don't have to pay tax on gains or dividends in future.
53% : The Isa allowance is flexible - you can save in cash or shares, take the money out when you want and even take money out and put it back in the same tax year in some products.
51% : You can put up to £60,000 into your pension every year, and if you have unused pension allowances from previous years you can carry these forward too, as long as it doesn't add up to more than your income this year. Make affordable gifts to family with Inheritance Tax in mind The Chancellor may crack down further on ways to reduce your inheritance tax burden, and this includes the annual gifting allowances, which mean you can give money to family every year without it being assessed for IHT.
49% : 'A child can have control of their own pension at 18, but unlike a Junior Isa, the money in an SIPP can't be accessed until they are 55 (rising to 57 in 2028),' he says. Sell up and take the CGT hit now Many believe that the Chancellor could increase the rate of Capital Gains Tax If you think the rate is going to rise, you could sell assets now so that you pay the tax at the current rate.
47% : If one of you pays a lower tax rate than the other, you can also transfer any assets you have that produce an income to the partner who pays the lower tax rate, so that whatever happens with the Budget, any extra tax is at a lower rate.
45% : With Reeves herself acknowledging that she will have to raise taxes to fill a fiscal black hole, experts and several would-be experts are full of suggestions on the changes you absolutely MUST make now to ensure your money is protected from the Chancellor's clutches.
43% : Given the Isa allowance could be cut, while the taxes you could avoid by having money in there such as capital gains tax, dividend tax and income tax could rise, there's nothing to lose by putting your money into an Isa now before any rumoured changes are pushed through.
43% : Be wary about this move and make sure you are not making a decision driven entirely on tax predictions, especially as there may be other compelling reasons to do the opposite and hang on to them.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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