17 Apr 2012

Tax year and the average employee

The last few weeks I have been stressed to say the least. I imagine it is shared by thousands of other people working in finance. For most April may symbolise a month of rain, but it also means the new tax year. A new tax year has never really meant much to me other than making sure I had as much of my savings in an ISA. You got to make sure you keep every penny of your interest! However, this year I learnt that a new tax year meant a new tax code. The average Joe Bloggs is now allowed £8,105 before tax instead of £7,470. It would be nicer if it was £10,000 but every penny counts and you can't really complain when you aren't having to do anything else.

No comments:

Post a Comment