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Apr 08 2017

UK Income Tax Allowances 2017

Changes to UK Income Tax Allowances in 2017

The UK Spring Budget 2017 speech announced the following changes that affect UK Income Tax Allowances.

Dividend Allowance

The tax-free dividend allowance is being reduced from £5,000 to £2,000 with effect from April 2018.

ISA Allowance

There is a further increase of £4,760 to the annual ISA allowance, raising that to £20,000.

Personal Income Tax Threshold Allowance

The Personal Allowance is rising to £11,500, from £11,000, in April 2017.

Source: www.gov.uk/…/spring-budget-2017-philip-hammonds-speech

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