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Guide to Budget Tax Rates and Allowances 2018
2017/18 2018/19 2019/20 £ £ £ Income tax rates not including Scotland – (non-dividend income) As announced or unchanged 0% – starting rate for savings only – note 1 Up to 5,000 Up to 5,000 Up to 5,000 20% basic rate tax 11,501 – 45,000 11,851 – 46,350 12,501…
Read MoreA Simple Guide to the Budget 2018
This is a basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or clients. It is an introduction only and should not be used as a definitive guide, since individual circumstances may vary. Specific advice should be obtained, where necessary. The message from the Chancellor was that ‘this is a budget…
Read MoreRise in pension savings for under-30s
According to research carried out by Scottish Widows, almost two-fifths of workers under the age of 30 are now saving adequately for retirement. The report measures the number of people putting more than 12% of their income towards their pension, which Scottish Widows recommend as a minimum for adequate savings. For individuals aged between 22…
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