Spring Budget 2024

How much income can you receive before paying tax?  How much income can you receive before paying higher rate tax (40%)?  How much income can you receive before paying additional rate tax (45%)?  How much dividend income can you receive before paying tax? Tax on Dividends How much interest can you receive before paying tax? National Insurance Contributions (NICS) Capital Gains Tax (CGT) … Read more

2023 Autumn Statement

How much income can you receive before paying tax?  How much income can you receive before paying higher rate tax (40%)?  How much income can you receive before paying additional rate tax (45%)?  How much dividend income can you receive before paying tax? Tax on Dividends National Insurance Contributions (NICS) Capital Gains Tax (CGT) Inheritance Tax (IHT) ISA contribution limits A number … Read more

2023 Spring Budget

15th March 2023 by David Ewens How much income can you receive before paying tax?  How much income can you receive before paying higher rate tax (40%)?  How much income can you receive before paying additional rate tax (45%)?  How much dividend income can you receive before paying tax? Tax on Dividends ISA contribution limits Capital Gains Tax (CGT) Inheritance Tax (IHT) Pensions This … Read more

2022 Autumn Statement

How much income can you receive before paying tax?  How much income can you receive before paying higher rate tax (40%)?  How much income can you receive before paying additional rate tax (45%)?  How much dividend income can you receive before paying tax? Tax on Dividends ISA contribution limits Capital Gains Tax (CGT) Inheritance Tax (IHT) Pensions National Insurance Contributions (NICS) Stamp Duty … Read more

2022 Mini Budget

Income tax Basic rate of income tax will reduce from 20% to 19% from April 2023 From April 2023 there will be a single, 40% higher rate of income tax as the 45% “additional” rate is abolished. National Insurance Contributions (NICS) From 6th November 2022, NICS will decrease by 1.25% and a separate Health and Social … Read more

2021 Autumn Budget

How much income can you receive before paying tax? 2021/22 – £12,570 2022/23 – £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%)? 2021/22 – £50,270 2022/23 – £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