20 March 2013
The amount people can earn before paying income tax - the personal allowance - will rise to £10,000 in April 2014.
Hard working people in Waveney will be over £700 better off every year than when this Government came to office. Almost three million more of the lowest paid will pay no income tax at all.
This tax cut will benefit an estimated 41,709 people in Waveney. In April 2014, 394 people will be lifted out of income tax, taking the total number of people in Waveney lifted out of tax by the Government to an estimated 4,243.
The Government have now turned the previous Government’s 10p tax band into a zero pence tax band. Every person paying tax at the 10p rate will now be paying no income tax at all on that income.
Peter Aldous commented:
“This Budget has delivered real support for people who aspire to work hard and get on. Around 41,709 people in Waveney will be over £700 better off every year. With this landmark tax cut, the Government have cut tax bills for 24 million people”.
Hard working people in Waveney will be over £700 better off every year than when this Government came to office. Almost three million more of the lowest paid will pay no income tax at all.
This tax cut will benefit an estimated 41,709 people in Waveney. In April 2014, 394 people will be lifted out of income tax, taking the total number of people in Waveney lifted out of tax by the Government to an estimated 4,243.
The Government have now turned the previous Government’s 10p tax band into a zero pence tax band. Every person paying tax at the 10p rate will now be paying no income tax at all on that income.
Peter Aldous commented:
“This Budget has delivered real support for people who aspire to work hard and get on. Around 41,709 people in Waveney will be over £700 better off every year. With this landmark tax cut, the Government have cut tax bills for 24 million people”.
