Autumn Budget 2017: Personal allowance raised to £11,850

The Chancellor of the Exchequer announced the personal allowance - the amount people can earn before they start paying income tax - is to rise to £11,850 from the £11,500 level introduced in the 2016 Spring Budget and implemented in April this year. The threshold at which people pay 40% tax will also rise - from £45,000 to £46,350. Both new measures will come into effect in April 2018.  Hammond said the personal allowance change would mean that, in 2018/19, a typical taxpayer will pay £1,075 less income tax than in 2010/11. He also said a full-time worker on the National Living Wag...