Spring Budget 2024: How income tax and National Insurance work
A perk for those on lower incomes needs to be claimed before the end of the year on April 5.lets married couples and those in civil partnerships share their personal tax allowances and it's estimated that more than 2million are missing out on the cash.INCOME BOOSTThat means that while you can claim for the 2019/20 tax year now, you won't be able to from April 6 onwards when the new
"You get an allowance each year, but if you don’t use it in time, you’ll lose that year’s allowance forever." "To qualify for the whole allowance, the non-taxpayer can’t earn more than £11,310 – although as long as you earn less than the personal allowance you’ll get at least some benefit."Having a higher allowance means they pay £252 less tax this year.
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