MSE News: Personal tax allowance to rise: Autumn Statement 2014

Former_MSE_Paloma
Former_MSE_Paloma Former MSE Posts: 531
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From April 2015, the Government will raise the amount of income workers can earn before they pay tax to £10,600 ...
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Personal tax allowance to rise: Autumn Statement 2014

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  • Connie
    Connie Forumite Posts: 90
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    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.
  • zygurat789
    zygurat789 Forumite Posts: 4,263
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    Connie wrote: »
    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.
  • sheramber
    sheramber Forumite Posts: 17,472
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    Connie wrote: »
    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 quo
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