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Personal Allowance

The Chancellor has announced the widely trailed increase in the personal allowance to £10,500 from April of next year.  This is good news for people earning less than £100,000 but will increase the effective 60% tax rate caused by the withdrawal of the allowance up to £121,000.
 

 

 

Date: 19th March, 2014
Author: Cathy Corns

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