The National Living Wage
The Government’s National Living Wage was introduced on 1 April 2016 for all working people aged 25 and over, and is currently set at £7.20 per hour. In April 2017 it will go up to £7.50. The current National Minimum Wage for those under the age of 25 still applies.
Personal allowance to rise to £11,500
The amount you can earn before paying income tax – the personal allowance – is currently at £11,000 and will go up to £11,500. The government has promised this will rise to £12,500 by 2020-21. The threshold for higher rate will go up from £43,000 to £45,000, except in Scotland (owing to devolved powers) where it will be £43,000