Call us on 07825 173875

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

Leave a Reply

Your email address will not be published. Required fields are marked *

Cookies

This site uses cookies. By closing this message, you consent to our cookies on this device in accordance with our cookie policy, unless you disable them. To find out more about how and why we use cookies, click here.