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.
Chris DaviesChartered Financial Adviser
Chris is a Chartered Independent Financial Adviser and leads the investment team.