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Budget announcement: Personal tax allowance to increase to £12,500

Budget announcement: Personal tax allowance to increase to £12,500

by webmaster | 30 Oct, 2018 | Latest changes, Pay and Benefits, Tax

Following yesterdays budget announcement, the Chancellor has announced that the personal allowance for income tax will be increased from £11,850 to £12,500, while the threshold at which you pay a higher rate of income tax is set to rise from £46,350 to £50,000 from...

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