GOV.UK Lorem

The Personal Allowance is the amount of income you can earn before you start paying income tax. It is currently £11,000 this year, and will rise to £11,500 in 2017-18. The point at which you pay the higher rate of income tax will increase from £43,000 this year, to £45,000 in 2017-18.

Last week at the Foreign Affairs Council (Defence), the Defence Secretary called on European partners to do more and increase their defence spending to the NATO 2% commitment, meaning they are better positioned to tackle the new and emerging threats to European security.

But growth remains positive and employment continues to rise in each of the next 5 years, with half a million more people forecast to be in work by 2021.

That investment is only possible because the government is prepared to take the tough decisions to maintain control of current spending.

A consultation before Christmas will look at ways to tackle pensions scams, including banning businesses from cold calling someone about their pension. This includes scammers targeting people who inadvertently ‘opt-in’ to receiving third party communications.