Newspage

The Spring Budget March 2017 & 2017/2018 Update

Personal Allowance and Higher Rate Threshold

The Personal Allowance will rise from £11,000 to £11,500 in 2017/2018. The point at which higher rate income tax starts will increase from £43,000 to £45,000 in 2017/2018. …

Tax Planning

YEAR END PLANNING TO 5 APRIL 2017

With the end of the tax year approaching, this is a good time to review your finances to see if any action should be taken by 5 April 2017.

 Ensure Personal Allowances (£11,000) and basic rate bands are fully utilised;  where possible, consider further dividends and/or equalising incomes between spouses, as personal allowances are clawed back once gross income exceeds £100,000. …

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