From April 2019 the individual tax free personal allowance will be rising to £12,500 with the basic rate of tax allowance rising to £37,500. This means that everybody can earn up to £50,000 for 2019/20 before they begin to pay the higher rate of tax.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 27th March 2025
Remember from 6th April the minimum wage for over 21 year old employees raises to £12.21 per hour, aged 18-20 £10.00 with 16-17 year olds and apprentice rates increasing to £7.55 per hour.