First day of the 2018/19 tax year
Personal allowance increased to £11,850
Dividend allowance reduced to £2,000
Lifetime allowance for pension savings increases to £1,030,000
All payments in lieu of notice (PILON) will now be fully taxable and subject to income tax regardless of whether contractual or not.
50% of mortgage interest restricted to basic rate tax relief for buy-to-let investors .
Residence nil rate band increases to £125,000.
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