Tag Archives: Personal Allowance

Premium Bonds – A good investment?

Premium Bonds – A good investment?

Premium bonds are an incredibly popular savings vehicle with over 21 Million bond holders and around £72 Billion ‘invested’. And yet, they really aren’t a savings vehicle at all. There is no interest rate although NS&I provide a guide ‘return’ of 1.4% (effective from 1st December 2017). But this return is in the form of […]

Income tax changes from 6 April 2018

Income tax changes from 6 April 2018

The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000, which is £1 for every £2 of income above £100,000. So for 2018/19 there is no personal allowance where adjusted net […]

Tax Planning – New rates and bands on the way

Year End Tax Planning

The UK Budget set out an increase in the personal allowance, which rises from £11,500 in 2017/18 to £11,850 in 2018/19. The basic rate band is £33,500 in 2017/18 and £34,500 in 2018/19. So the threshold at which the 40% band applies increases from £45,000 to £46,350 for those who are entitled to the full […]

UK Budget November 2017

A politically safe budget. Having been rebuffed by younger voters in the June general election, the Government is understandably concerned to be seen to be addressing their needs, and this was reflected in the Chancellor’s November Budget announcements. Of particular concern has been the difficulty young people are experiencing in getting onto the housing ladder, […]