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  • James Kingston

22-23 Tax Year - Rates and Allowances (Updated)

Updated: Mar 28


UPDATED FOLLOWING 23RD MAR SPRING STATEMENT


Attached is a reference guide showing key tax rates, thresholds and allowances for the upcoming tax year.


A few highlights taking affect from Apr 6th:

  • Income tax rates, personal allowance and tax thresholds frozen

  • NI thresholds rise and a 1.25% increase in NI contributions across all classes

  • Dividend tax increase of 1.25% across all rates. Tax free allowance remains at £2k

  • £300 increase in Student Loan earnings threshold to £20,195.

  • 6.6% increase in the National Minimum Wage from £8.91 to £9.50

Any questions please let me know.



22-23 Rates and allowances
.pdf
Download PDF • 225KB



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