Personal tax rates and allowances for 2017/2018 have been released by HMRC. In this article, we’ll look at when you start paying taxes, how much you’ll pay, and what you’re able to keep for yourself and away from the clutches of the taxman.
Personal allowance 2017/2018
|Annual personal allowance||£11,500||£11,000||£10,600||£10,000|
|Threshold at which personal allowances begins to
fall by £1 for ever £2 income over threshold
|Personal allowance if born between 6 April 1938
and 5th April 1948