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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…