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Changes to Personal Allowances, Income Tax Rates and Bandwidths

  • Sunday, May 21, 2017

For the tax year beginning 6th April 2016:-

  • the personal allowance will increase to £11,000
  • the basic rate limit will be increased to £32,000
  • the higher rate threshold will be increased to £43,000

From 6th April 2016 there will only be one income tax personal allowance, regardless of an individual’s date of birth.

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Estate — [ esteit ]
Noun

The accumulation of property and assets.

All the money and assets owned by an individual.

Capital — [ kapitel ]
Noun

Wealth in the form of money or other assets owned by a person or organisation.

The employment of money in the production of greater wealth.

Estate Capital — [ esteit kapitel ]
Service

Aiding the growth and accumulation of personal and family wealth and its transfer through the generations.