Budget 2018 - Personal Allowances from 6 April 2019

There was good news for individual taxpayers in the Budget; the personal allowance will rise from £11,850 to £12,500 on 6 April 2019.  This will provide taxpayers on the basic rate (20%) with an income tax saving of £130 per year.  Those who pay tax at the higher rates will also be pleased that the 40% band will effectively start at income over £50,000 for 2019-20. ​