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lowering threshold for 40% tax

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bednobs | 19:13 Mon 31st Jan 2011 | Business & Finance
6 Answers
has this happened? My OH tells me they've lowered it to 35 k pa
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Avatar Image factor-fiction
If I remember correctly tha change was made to help fund the pretty hefty increase in the basic personal allowance which was wanted by the Lib Dems.
19:33 Mon 31st Jan 2011
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grrrr
20:22 Mon 31st Jan 2011
Avatar Image dzug2
Not yet - starts in April
23:53 Mon 31st Jan 2011
Avatar Image Skyline D
£35k of taxable income remember, which given the increase in personal allowance to £7,475, actually means you have to earn nearly £42,500 before you pay 40% tax,
23:56 Mon 31st Jan 2011
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well that's better then, thanks!
12:03 Tue 01st Feb 2011

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