Welcome to the new tax year - here's the main changes

Photo of Welcome to the new tax year - here's the main changes
Facebook
VKontakte
share_fav

There are several major adjustments to taxpayer liabilities for the new fiscal year 2018/19. Here’s a brief summary

The new tax year begins on Friday with a bigger than usual set of changes to income taxes, personal allowances, pensions, buy-to-let taxation and dividend taxation. Here’s what to expect.

Personal allowance
The amount you can earn without paying income tax rises from £11,500 to £11,850, which works out as a tax cut of £70 for most people.

Continue reading...
view The Guardian: Money
#property
#tax and spending
#national insurance
#buying to let
#occupational pensions
#auto-enrolment pensions
#tax
#pensions
#money
#politics
#uk news