Entries by Mayers4dmin1

2015 Summer Budget

Summer Budget 8th July 2015 Summary  Chancellor George Osborne has delivered the first Budget by a wholly Conservative government in almost 20 years. The March 2015 Budget provided some clues as to possible new measures and of course, the Conservative election manifesto contained a wide range of commitments to be introduced during the course of […]

Personal Tax Rates 2015/16

Personal taxation Income tax allowances and reliefs 2015/16 2014/15 Personal (basic) £10,600 £10,000 Personal allowance reduced if net income exceeds* £100,000 £100,000 Transferable tax allowance for married couples/civil partners £1,060 N/A Personal (age) if born between 6/4/38 and 5/4/48 N/A £10,500 Personal (age) if born before 6/4/38 £10,660 £10,660 Personal (age) reduced if net income […]

March 2015 Budget Summary

20 March 2015 Chancellor George Osborne delivered his sixth and final Budget of this Parliament. Whilst there were no pre-election give-aways there was a clear message for the public that he and his party were the people to trust in rebuilding the UK economy. Summing up, he said: “Today I present the Budget of an […]

March 14 Budget

March 14 Budget Savings, pensions, and tax avoidance all feature in the March 14 Budget. The Budget is increasingly being used to summarise the state of play and map out the next steps in an increasingly coherent work programme. Here we set out not only the changes announced in this Budget, but also summarise those […]

Personal Tax Planning

Its always good to think about personal tax planning, whilst there is still time to do something about it! Individual Savings Accounts Use your ISA allowance each year.  For 14/15, each person can invest £15,000 (£15,000 in cash) in an ISA.  Over a number of years, this builds up into a very tidy sum of […]

Income Tax Table

  Income tax rates 2014-2015 2013-2014 10% starting rate for savings * £2,880 £2,790 20% on income up to £31,865 £32,010 40% on income over £31,865 £32,010 45% on income over £150,000 £150,000 Dividends for basic rate taxpayers 10% 10% Dividends for higher rate taxpayers up to £150,000 32.5% 32.5% Dividends for income over £150,000 […]