New Tax Year, New Savings Allowances
So with the start of the new tax year (2016/17), there comes a new Personal Savings Allowance. This means that…
Personal Allowance Increased for 2017/18
The Chancellor of the Exchequer, George Osborne, today announced in his March 2016 Budget an increase in the personal allowance for…
UK Personal Allowance 2017/18
*Update* - this was increased in the 2016 Budget to £11,500 The UK personal allowance is the amount that you…
Is the Personal Allowance Prorated?
Are you wondering if the personal allowance is prorated - i.e you are only given a portion of it if you…
What is the 40% Tax Limit in 2016?
What salary do I have to earn to get caught by 40% tax? Generally each year the amount that you…
Personal Savings Allowance 2016/17
With effect from April 2016 the government have introduced a personal savings allowance that means that the majority of people will…
Do High Earners Get a Personal Allowance?
If you are a high earner then you may be questioning do high earners get a personal allowance? Well the…
Tax Code 2016/17
So it is coming up to the time when the Inland Revenue will start to issue your tax code for…
Do Pensioners Get a Higher Personal Allowance?
If you are over 65 do you get a higher personal allowance? This is a question which many pensioners may…
Do Children Get a Personal Allowance?
If you are wondering do children get a personal allowance then the short answer is yes, they do. Everyone in…