When the new tax year starts in April, changes in the tax system will put more money in your pocket and help you keep more of your wages. Here’s information about how you might benefit.
The National Minimum Wage is going up to £8.21
- 25 and over. £8.21
- 21 to 24. £7.70
- 18 to 20. £6.15
The Personal Allowance is going up to £12,500
You don’t have to pay income tax on the income you earn below this amount. As a result of the change, a typical basic-rate taxpayer will take home £130 more than in 2018-19.