\n\tOur government have selected their top-ten tax changes that come into effect from 6 April 2016. Just in case you need a refresher they are:<\/p>\n
\n\t1.The personal allowance will increase to £11,000 and the higher rate threshold will increase to £43,000.<\/p>\n
\n\t2.The marriage allowance, the tax free amount which people can transfer to their husband, wife or civil partner will increase to £1,100<\/p>\n
\n\t3.People renting out a furnished room in their home won’t pay tax on the first £7,500 of this rent; up from £4,250 last year<\/p>\n
\n\t4.Fuel duty remains frozen for the sixth year in a row<\/p>\n
\n\t5.A new National Living Wage of £7.20 an hour for workers aged 25 and above was introduced from 1 April 2016<\/p>\n
\n\t6.A new personal savings allowance of £1,000 (or £500 for higher rate taxpayers) is being introduced for the income that people earn on savings<\/p>\n
\n\t7.Savers will now be able to take money out of an ISA and put it back in later in the year without losing ISA tax benefits<\/p>\n
\n\t8.Employers will no longer pay employer National Insurance Contributions (NICs) for apprentices aged under 25 who are paid less than £43,000 a year<\/p>\n
\n\t9.Businesses and charities will have their employer National Insurance bill cut by another £1,000 from April 2016, as the employment allowance rises from £2,000 to £3,000<\/p>\n
\n\t10.Charities will be able to claim a 25% government top up through the Gift Aid Small Donations Scheme on up to £8,000 – a £3,000 increase.<\/p>\n","protected":false},"excerpt":{"rendered":"
Our government have selected their top-ten tax changes that come into effect from 6 April 2016. Just in case you need a refresher they are: 1.The personal allowance will increase to £11,000 and the higher rate threshold will increase to £43,000. 2.The marriage allowance, the tax free amount which people can transfer to their husband, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-485","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=485"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/485\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}