Tag: threshold
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Income tax allowances frozen for two years and threshold cut for 45p rate by Jeremy Hunt | Personal Finance | Finance
[ad_1] The Chancellor confirmed the Government plans to reduce the threshold at which the 45p rate becomes payable from £150,000 to £125,140. On top of this, Mr Hunt outlined that the personal allowance, National Insurance threshold, and inheritance tax thresholds will be held until April 2028. This is part of the Government’s wider fiscal plan…
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State pension rise to tax threshold freeze – 5 key changes coming next month | Personal Finance | Finance
[ad_1] The Chancellor Rishi Sunak made a number of policy announcements last week that will affect how Britons pay tax in the forthcoming financial year. The changes are hoped to help ease the burden that households face due to rising energy bills and the cost of living crisis. The tax year will finish on April…