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Tax Year 2017/18

As the current tax year comes to an end, the Government have released the new 2017/18 Tax Year Rates and Thresholds.

The new rates will be applied from Thursday 6th April and may affect you.

Below are some of the key changes:

  • Personal Tax      Allowance: £11,500 (£221 per week)
  • National      Insurance Thresholds: Lower Earnings Limit: £5,876 (£113 per week)
  • National      Insurance Thresholds: Employers and Employee: £8,164 (£157 per week)
  • National Minimum      Wage for an individual aged 25 and over is: £7.50 per hour
  • Statutory Sick      Pay: £89.35 per week

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