Money Minder UK

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New Tax Year

In Brief: New Tax Year

Tuesday, 23 July 2019

Understanding what your minimum legal amount of tax is could help you to plan for your financial future. Increases to the tax-free personal allowance were announced in last year’s budget and have now come into effect. That this had impacted such as income tax, inheritance, pensions, buy to let landlords, and some investments. Seeking professional financial advice could help you to recognise the amount of tax you are legally required to pay.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.