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1st February 2019

Planning your money in times of change

By Pete Simons


Moore Stephens

THIS year is set to be a year of changes for finances, with everything from income tax, state pension payments and inheritance tax set to change. In this article, we look at some of the upcoming changes and what they mean for you.

Income tax

From 6 April, the personal allowance is increasing from £11,850 to £12,500 - this is the amount of money you can earn before you pay tax. In addition to this, the threshold for the 40 per cent tax rate is also increasing from £46,350 to £50,000.