Personal Allowances

Below is a selection of our most recent updates on this subject.

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The £1,000 Increase In The Basic Personal Allowance From 6 April 2011. Proposed £630 Increase From 6 April 2012

June 10 emergency Budget: £1,000 increase in personal allowance: Higher rate taxpayers end up £80 worse off: Further increase in personal allowance from 6 April 2012: Higher rate taxpayers to benefit.
Friday, April 15, 2011

The 'Personal Allowance Trap' - A Warning To Exercise Caution

Chargeable event gains arising under life assurance policies: The impact on personal allowances
Friday, February 18, 2011

Adjusted Net Income And The Personal Allowance

Investors who are near the income limits for the loss of the personal allowance or age allowance should exercise caution before encashing a single premium bond
Thursday, June 17, 2010

Transferable Married Couples Allowance

Conservatives plan a transferable MCA in return for a back tax
Monday, April 12, 2010

Personal Allowances And Reliefs For Commonwealth Citizens

The withdrawal of personal allowances and reliefs for non-resident Commonwealth citizens
Monday, March 01, 2010

Personal Allowance And 50% Rate From 2010/11 - Revision

How the restriction on personal allowances and the income on which 50% is charged are calculated from 2010/11
Thursday, July 30, 2009

Paye Codes

Falling investment returns may mean that the deductions made in PAYE codes for 2009/10 may be too great.
Monday, March 30, 2009

Tax Increase For 2009/10?

There is pressure within the Labour Party to bring forward a proposed tax increase.
Thursday, March 19, 2009

Increase In Personal Allowance For 2008/09

Political pressure has forced the government to increase the basic personal allowance by £600.
Wednesday, May 14, 2008

Tax Credit Take-Up Statistics - Year End Tax Planning

It should not be forgotten that middle income families as well as low income families can claim tax credits. Today's annual TaxAction report from IFA Promotion suggests 10 top tips for end of tax year planning. Tip number 1 reads: 'If you are eligible: Claim your tax credits - £2.9 billion of ‘free money' is up for grabs from HMRC and the DWP, in the form of Pension Credits, Child Tax Credits and Working Family Tax credits.' We will deal with this report in a separate bulletin within the next few days under our bulletin heading 'Year End Tax Planning'.
Monday, March 06, 2006

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