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Five tax changes from Rishi Sunak's Budget that could impact your finances

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the Budget at the House of Commons. He announced Brits on tax credits will get £500 one-off payments and even extended the furlough scheme until September.

There have been other changes to the tax system as Britain's economic recovery plan out of the coronavirus pandemic was revealed.

Mr Sunak announced several stealth raids on people's income with a five-year freeze on income tax allowance and thresholds. But the changes from Wednesday's spring Budget could end up costing tax payers thousands of pounds.

So what are the five tax changes that may impact your finances? Inheritance tax thresholds are also being held at their current levels for the next five years.

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