2021 Spring Budget

How much income can you receive before paying tax? 2020/21 – £12,500 2021/22 – £12,570 this allowance level will be frozen until April 2026 you start to lose this allowance when annual income exceeds £100,000  How much income can you receive before paying higher rate tax (40%)? 2020/21 – £50,000 2021/22 – £50,270 this threshold will be frozen … Read more

2020 Budget

How much income can you receive before paying tax 2019/20 – £12,500 2020/21 – £12,500 you start to lose this allowance when annual income exceeds £100,000  How much income can you receive before paying higher rate tax (40%)? 2019/20 – £50,000 2020/21 – £50,000 ISA contribution limits The annual ISA limit will be £20,000 for 2020/21 (currently £20,000) … Read more

Budget 2018

How much income can you receive before paying tax 2018/19 – £11,850 2019/20 – £12,500 you start to lose this allowance when annual income exceeds £100,000  How much income can you receive before paying higher rate tax (40%)? 2018/19 – £46,350 2019/20 – £50,000 ISA contribution limits The annual ISA limit will remain at £20,000 for 2019/20 The … Read more