Budget News – Personal Allowance

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In keeping with the government’s stated aim of increasing the personal allowance to £12,500 by 2020, this will rise to £11,850 for 2018-19, while the higher rate threshold for income tax increases to £46,350.

As with all of our tax tips and web pages this information is necessarily summarised and of a general nature.  If you would like detailed specific advice please contact us.