Back in June there was the post election budget (or whatever they might call it). We know that there is a change to child allowances etc if you earn over a particular threshold (sounds unfair) but I know of some changes that might offset. But not searched enough yet. Anyone have the facts to hand?
I know the tax free allowance goes up by £1000 in April (you can earn £7475 before paying any tax) and the 40% threshold also will go up. But what does it go up to. That is the main reason for me to post.
Trying to work out what car I might get later next year and these figures obviously make a difference. Slight maybe but still a difference. Could work out better to go for a nice turbo petrol (higher BIK but the allowance might cover some of that) instead of a more pricey list priced diesel.
|
Budget and 2011/12 Changes new
Budget and 2011/12 Changes new