2009 United Kingdom budget

The 2009 United Kingdom Budget, officially known as Budget 2009: Building Britain's Future, was formally delivered by Alistair Darling in the House of Commons on 22 April 2009.

[3] For high earners, a 50% tax band was announced for earners of over £150,000 per year to start in April 2010,[1] and tax relief on pension contributions was reduced progressively from 40% to 20% for annual incomes between £150,000 and £180,000 and to 20% above £180,000 commencing April 2011.

As the Personal allowance has grown over the years, this has resulted in a corresponding increase in the size of the anomalous effective 60% tax band.

[citation needed] For savers, limits in Individual Savings Account (ISA) accounts were increased in two phases to a total of £10,200, including an additional £1,500 to the previous upper limit of £3,600 in a cash ISA.

The first phase is for those over age 50 years, who can contribute additional amounts from 6 October 2009.

Pie chart of UK central government expenditure , 2009-10.