Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a741481

Budget 2014: Basic rate tax allowance upped to £10.5k

by Eleanor Lawrie on Mar 19, 2014 at 13:32

Budget 2014: Basic rate tax allowance upped to £10.5k

The government is to increase the basic rate tax allowance to £10,500 a year, saving the average taxpayer an estimated £800, the chancellor George Osborne has announced, costing the treasury an estimated £1.4 billion.

The increase, from a previous figure of £9,400, is a victory for the Liberal Democrats, who have been pushing hard for an increase to reduce the tax burden on the lowest paid.

Married couples transferable tax allowance will also go up to £1,050

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet