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Am I actually likely to see much money out of this? Does it only apply to people earning less that 15K?
Come on! This could bring us all free money!
basically everyone on <40% tax gets £120
So those on £19k-39k are even better off than they were already better off! WIN!
means you won't get taxed on (an extra) £120 of your earnings right? so at about 20% you will save just over 20 quid a year in tax?
(i don't understand tax).
it's a £600 increase in the tax free amount, which at 20% amounts to £120
they're paying it out by giving £60 in "the autumn", and £10 a month for 6 months after that
or deduct it from your tax? even though its the same really, i want the cheque from the IR.
it'll pay your tv licence or something similar if you look at it that way.
when it was taken away? As before, it won't mean an awful lot to the majority, but for the few on the breadline it's an awful lot.