Autumn Statement – Key Announcements for Individuals

Income Tax & National Insurance National Living Wage will increase 9.7% in April 2023 from £9.50 per hour to £10.42 per hour which represents an annual increase for a full time worker of £1,600. The Chancellor has reduced the income tax additional rate threshold from £150,000 to £125,140 which will increase taxes for people on high incomes from April 2023. … Read More