Personal Income

(asked on 21st November 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what change there will be in net annual income between financial years 2018-19 and 2019-20 for a person earning £12,000 gross per annum as a result of changes to personal allowances and national insurance contributions from April 2019.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 26th November 2018

A person earning pay of £12,000 gross per annum (evenly spread across the year) in all parts of the UK excluding Scotland will have an increase of £54.96 in their net annual income between financial years 2018-19 and 2019-20 as a result of changes to personal allowances and national insurance contributions (NICs) from April 2019.

A typical basic rate taxpayer in all parts of the UK excluding Scotland will pay £130 less in income tax in 2019-20 than in 2018-19.

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