Personal Tax Free Allowances for 2013-14 and 2014-15

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The personal tax-free allowance will increase by £560 to £10,000 from April 2014, a year ahead of the Government’s original plans. The Personal Allowance for 2013-14 is £9440.

Under the employee shareholder scheme, the first £2,000 worth of shares will be free from income tax and National Insurance contributions, from 1st September 2013.