Budget 2017 - 2018

Personal Tax
Personal Allowance
£11,500
Dividend Allowance
£5,000
Interest Allowance
Basic Rate: £1,000
Interest Allowance
Higher Rate: £500
Reduction Allowance
(born after 5/4/48): £100,000
Reduction Allowance
(born before 5/4/48): £28,000
Married Couples Allowance
(maximum): £8,455
Married Couples Allowance
(minimum): £3,260
Transferable Tax Allowance
£1,150
Blind Person's Allowance
£2,320
Tax Rates
0 - £5000 (Savings only)
0%
Basic Rate (0 - £33,500)
20%
Higher Rate (£33,501 - £150,000)
40%
Additional (over £150,000)
45%
Dividends
0 - £33,500
7.50%
£33,501 - £150,000
32.50%
Over £150,000
38.10%
National Insurance
Class 1
£157 to £866 per week
12%
Over £866 per week
2%
Employers Rate
13.80%
Class 2
4 - Between £8164 and £45,000
9%
4 - Above £45,000
2%
2 - Above £6,025
2.85 per week
Employment Allowance
£3,000
Corporate Tax
Main Rate
19%
CGT
Annual Exemption
£11,300
Basic Rate (Residential)
19%
Higher Rate (Residential)
28%
Basic Rate (Other)
10%
Higher Rate (Other)
20%
Entrepeneur Relief
10%
ISA
ISA
£20,000

Contact us on 01582 715 381 or email john@connorspencer.com

Cookie Policy | Privacy and Data Protection Policy

Connor Spencer Ltd
Co No: 07940478 (Registered in England and Wales)
5 Waterside, Station Road, Harpenden, AL5 4US

Our professional indemnity insurer is Aon UK Limited of Eastwood House, Glebe Road, Chelmsford, Essex, CM1 1QW.
The territorial coverage is worldwide excluding United States of America or Canada.