The first of two Budgets in 2021 signals larger tax bills in future years.
The first Child Trust Funds (CTFs) are due to mature this September, giving those who turn 18 in that month access to a useful nest egg.
On 11 March the new Chancellor, Rishi Sunak, presented a postponed Budget, the first of two due this year.
The value of key tax thresholds is being eroded, as elements of the income tax system lag behind inflation.
THE CHANCELLOR DETAILED A LONG LIST OF TAX CHANGES IN HIS AUTUMN BUDGET, ALTHOUGH HE WAS GENERALLY MORE CAUTIOUS THAN HE WAS IN HIS SPRING ANNOUNCEMENTS.