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…

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Changes to UK Income Tax Allowances in 2017.

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


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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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