All the household bills expected to rise in April 📈
The annual allowance, which is a limit on how much can be saved into your pension each year without incurring a tax charge, is also increasing from £40,000 to £60,000. If you pay in more than this, you will pay a tax-charge to counteract any tax relief you received on the amount above the allowance.
You pay CGT at 10 per cent on profits above this allowance if you are a basic-rate taxpayer . Higher-rate taxpayers pay 20 per cent, or 28 per cent on property. The changes mean you will pay up to £630 more in tax if you are a basic-rate taxpayer selling an asset that’s not a property, or £1,134 if you are selling a property.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silverstone Circuit: Track museum to launch Scalextric exhibitionThe attraction will be open to the public from 1 April to 16 April.
Read more »
Andy Goldstein remembers moment he thought 'this is awful' as he presented Soccer AMtalkSPORT host Andy Goldstein has explained why he isn’t sad to see Soccer AM cancelled, having previously hosted the show. It has been revealed the sports entertainment show will come to an …
Read more »
DWP to issue Glaswegians with extra cash up to £172 a week from AprilPeople across Glasgow could soon see an extra cash boost in their bank accounts as early as next month with some people being able to claim as much as £172 per week.
Read more »
Metropolitan Police: Six of the worst scandals the force has faced in recent yearsA damning report has revealed that the Met is 'institutionally racist, sexist and homophobic'. Sky News takes a look at the series of scandals within the force over the years.
Read more »