We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Personal tax allowance to rise: Autumn Statement 2014
Former_MSE_Paloma
Posts: 531 Forumite
in Cutting tax
From April 2015, the Government will raise the amount of income workers can earn before they pay tax to £10,600 ...
Read the full story:
Personal tax allowance to rise: Autumn Statement 2014
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Personal tax allowance to rise: Autumn Statement 2014
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
-
This article is somewhat misleading.
It talks about "the amount of income workers can earn", and the column headings in the Income Tax Thresholds table only mention "Personal allowance for under-65's".
The personal allowance of £10,600 will also apply to those born between 6 April 1938 and 5 April 1948 (ie - aged approx 67-77) , whether working or not.
For those born before 6 April 1938 the allowance will remain at the present level of £10,660.0 -
This article is somewhat misleading.
It talks about "the amount of income workers can earn", and the column headings in the Income Tax Thresholds table only mention "Personal allowance for under-65's".
The personal allowance of £10,600 will also apply to those born between 6 April 1938 and 5 April 1948 (ie - aged approx 67-77) , whether working or not.
For those born before 6 April 1938 the allowance will remain at the present level of £10,660.
It was originally announced as £10,500, and £10,600 is not definate. My guess is it will increase to £10,660 to finally abolish age related allowances - I feel younger already.The only thing that is constant is change.0 -
This article is somewhat misleading.
It talks about "the amount of income workers can earn", and the column headings in the Income Tax Thresholds table only mention "Personal allowance for under-65's".
because that is all that has changed. It actually says
the Government will raise the amount of income workers can earn before they pay tax to £10,600
The personal allowance of £10,600 will also apply to those born between 6 April 1938 and 5 April 1948 (ie - aged approx 67-77) , whether working or not.
They already get that allownsce so no change , therefore not mentioned.
For those born before 6 April 1938 the allowance will remain at the present level of £10,660.
Again, no change so not mentioned.
The statement only mentions the chnages to be made not the status quo0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards