10p .....how will it affect me?
You couldn't miss the current news story "Scrapping of the 10p tax rate". So the question is.....as a groom who quite possibly is not a high earner, how does this affect me?
As you can see from this simple winners and losers guide, this is highly likely to affect you :
EFFECTS OF TAX CHANGES
Winners:
Winners:
Most people/ with incomes of £18,000+
Under £18,000 but with young children and therefore eligible for child tax credits
Losers:
Under £18,000 and ineligible for working tax credits because under 25
Part-timer working insufficient hours to qualify for tax credits
Under £18,000 but with young children and therefore eligible for child tax credits
Losers:
Under £18,000 and ineligible for working tax credits because under 25
Part-timer working insufficient hours to qualify for tax credits
We will keep you up to date with all developments on this story, however for now, CLICK HERE to discover how much better or worse off you will be now the rate has changed.