Re: [indoexpat-uk] New update HMRC Tax Year 2014/2015

no Child benefit when household income £50k or more... am I right?


On 7 April 2014 10:20, Perry Ismangil <perry-Qz18OTYYWP1Wk0Htik3J/[email protected]> wrote:

> Not really - if you earn high enough then the allowance gets taken away ;)
>
>
>
> On 7 April 2014 09:28, Kristanti TREPIN <[email protected]> wrote:
>
> > Good news utk tax year 2014/2015, we'll be paying *slightly* less tax =)
> >
> >
> >    - Basic Personal Allowance will be increased to £10,000
> >
> >  This is the income you can earn or receive each year tax-free, the
> amount
> > you get depends on your individual circumstances.  The tax-free allowance
> > is split into monthly amounts which means that you get about £833 a month
> > before we begin to calculate tax deductions.
> >
> >
> >
> > ·         Income tax bandwidths will be :
> >
> >
> >
> > o   Basic rate                                20%                 £1 to
> > £31,865
> >
> > o   Higher rate                             40%                 £31,866
> to
> > £150,000
> >
> > o   Additional rate                        45%                 £150,001
> and
> > above
> >
> >
> >
> > ·         Student Loans repayment threshold will be £16,910 @ 9%
> >
> >
> >
> > ·         Statutory Sick Pay (SSP) rate will increase to £87.55 per week
> >
> >
> >
> > ·         Statutory Maternity Pay (SMP) & Statutory Paternity Pay (SPP)
> > will increase to £138.18 per week
> >
> >
> >
> > More details can be found in HMRC website:
> >
> >
> >
> https://www.gov.uk/government/collections/autumn-statement-2013-hm-revenue-customs-for-tax-advisors
> > _________________________________________________________________
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> >
>
>
>
> --
> Perry Ismangil
> <http://me.ismangil.com>
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>



-- 

Regards,
Eddy Manurung
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