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Will I be paying more Income Tax next year?
Comments
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It's £10,800 next year, right?0
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Taken from the gov.uk website.
General description of the measure
The personal allowance will be increased to £10,800 for 2016 - 17 and £11,000 for 2017 - 18. The basic rate limit will be increased to £31,900 for 2016 - 17 and £32,300 for 2017 - 18. As a result, the higher rate threshold will be £42,700 in 2016 - 17 and £43,300 in 2017 - 18.
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Thanks for the clarification.0
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the amount people earn before they have to start paying Income Tax – will increase to £11,000 in 2016-17.
Thanks for that - I will update my notes for next tax year!0 -
As your wife does not work have you considered whether your wife can transfer some of her personal allowance to you?
https://www.gov.uk/marriage-allowance-guide/overview0 -
@sheramber, she isn't a UK national (yet). Is that going to be an issue?0
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