Monday, 2 April 2012

New tax year, new tax and benefit numbers

Lots happening this month on the tax and benefit front.

Personal Allowance up to £8,105, on the way to £9,205 in 2013.

Couples with children will have to work more hours to get Working Tax Credit.

State pension rises to £107.45 a week, Pension Credit to £142.70.

For the future, from January next year those earning over £50,000 will lose or start to lose child benefit.

And fuel duty - up by more than 3p a litre in August.

Excellent summary of all this from Credit Action.

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