10 Tax changes from 6th April 2019

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expressman33
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10 Tax changes from 6th April 2019

Post by expressman33 » Fri Mar 29, 2019 5:56 pm

From 6 April, most people will pay less income tax. The tax-free personal allowance is set to rise to £12,500 (from £11,850 in the 2018/19 tax year). This is the amount that most people will be able to earn before they pay any income tax. The rise should give basic-rate taxpayers a £130 boost.

The amount people earn before they pay higher-rate tax at 40% is also rising from £46,350 to £50,000. This will give higher-rate taxpayers an extra £860 a year and means there will be nearly one million fewer higher-rate taxpayers.

Additional-rate taxpayers will be taxed at 40% for any income between £50,000 and £150,000 and will still be taxed at 45% for income above £150,000. They will be £600 better off over the year.

some other changes here :- https://www.moneywise.co.uk/work-family ... m_content=

planteria
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Re: 10 Tax changes from 6th April 2019

Post by planteria » Fri Mar 29, 2019 7:21 pm

good for working people, as promised.
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blythburgh
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Re: 10 Tax changes from 6th April 2019

Post by blythburgh » Sat Mar 30, 2019 9:04 am

planteria wrote:
Fri Mar 29, 2019 7:21 pm
good for working people, as promised.
They will whinge about the pension deduction going up but it is for their own good.
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planteria
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Re: 10 Tax changes from 6th April 2019

Post by planteria » Sat Mar 30, 2019 10:01 am

i don't know anyone complaining..
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Re: 10 Tax changes from 6th April 2019

Post by blythburgh » Sat Mar 30, 2019 10:17 am

planteria wrote:
Sat Mar 30, 2019 10:01 am
i don't know anyone complaining..
I bet some people will whinge when they see the paychecks
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: 10 Tax changes from 6th April 2019

Post by AAAlphaThunder » Sat Mar 30, 2019 4:56 pm

All good.
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