Thursday, 7 April 2016

Your first £11,000 of earnings are now tax free - great change for the low paid

Less tax for low paid. More money in your pocket. A far cry from Labour and the 10p tax, and a taxing of all people on earnings from £6,000-£11,000. This does not happen now - this Conservative government has continued the great work of the Coalition in taking the low paid out of tax. It is also a tax cut for all working people - that's 30 million people - giving them more moment in their pocket. This puts us well on target to raise the personal allowance to £12,500 by 2020.