July 2 2015 Latest news:

The personal income tax allowance will be raised next April by more than most analysts had expected, from £8,100 to £9,205.

To send a link to this page to a friend, you must be logged in.

The government had already stated its aim of lifting the threshold to £10,000 by 2015, but the latest move indicates a speeding-up of the process.

Karen Barrett, chief executive of Unbiased.co.uk, said: “The chancellor’s announcement to raise the personal allowance is a welcome pledge for everyone, particularly those on lower incomes.”

But Gillian Guy, chief executive of Citizens Advice, said: “Raising the personal tax allowance is an empty gesture to struggling families on low wages.

“Poorer working families who get housing and council tax benefits will not get all of the money in their pocket – because as their income goes up, their benefits will go down.”

There was also a pledge by the government to take up East Anglian MP Ben Gummer’s plans for every income-tax payer to be sent personal statements detailing where their money is being spent.

About 20 million income-tax payers should receive the statements in 2014 and a further nine million should receive them in future years.

“The plan to provide people with an annual statement detailing where their tax payments are being used is a welcome move for consumers, both in terms of educating them and providing them with some perspective on tax,” said Ms Barrett.

Latest London news

0 comments

London Bloggers

Monday, April 13, 2015
Vintage fashion shopping is a joy in London (Photo by Graham French/BIPs/Getty Images)

In with the old, out with the new. This is the mantra of the best London vintage shoppers today, whose aesthetic of effortless chic is becoming more sought after.

Wednesday, April 8, 2015
Eating the right foods can significantly improve your mood

Think sweet treats make you feel better? ‘Comfort foods’ could be adding to your misery.

Quizzes

Other articles

LDN24 Promotions

He will be remembered

This Friday: Londoners say goodbye to their beloved Jon Snow in a one of a kind memorial ceremony

OK, so we apologize for the spoiler. But by now you should have had the chance to catch up with the season five Game of Thrones finale.

Read full story »

Takeover students from the Barking and Dagenham College receiving their awards from Archant staff.

Barking and Dagenham College students set for second newspaper takeover

The London newpaper has re-launched a scheme allowing local students to report, edit and photograph alongside its news team and benefit from staff-led mentoring.

Read full story »