PERSONAL TAXATION CHANGES ANNOUNCED AT THE AUTUMN 2018 BUDGET
• Personal Allowance rises to £12,500 (up from £11,850) from 6 April 2019
• Higher Rate Income Tax threshold rises to £50,000
(from £46,350) from 6 April 2019 (not Scotland)
• Personal Lifetime Allowance increases to £1,055,000
(up from £1,030,000) from 6 April 2019
• Individual Savings Account (ISA) investment limit for 2019/20
remains at £20,000
• Junior Individual Savings Account (JISA) and Child Trust Fund (CTF)
investment limit rises from £4,260 to £4,368 from 6 April 2019,
uprated in line with CPI
• Capital Gains Tax annual exempt amount rises from £11,700 to
£12,000 for 2019/20
• First-time buyers purchasing shared equity homes of up to
£500,000 eligible for first-time buyers’ relief (immediate effect from 29.10.18

Read more hereMoney News