Is Working Tax Credit Taxable?
Is Working Tax Credit Taxable? When trying to work out how much tax you need to pay, once you have…
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…