{"id":101,"date":"2018-04-11T10:29:01","date_gmt":"2018-04-11T09:29:01","guid":{"rendered":"http:\/\/62.233.124.244\/~hamnett\/news\/?p=101"},"modified":"2019-10-13T10:29:24","modified_gmt":"2019-10-13T09:29:24","slug":"big-changes-ahead","status":"publish","type":"post","link":"https:\/\/www.hamnettwealth.com\/news\/big-changes-ahead\/","title":{"rendered":"Big Changes Ahead"},"content":{"rendered":"\n<p>We\u2019re now in the new tax year with a bigger than usual set of changes.&nbsp; Here\u2019s our list of the main headlines:<\/p>\n\n\n\n<p><strong>Income Tax:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u00a311,850 is the starting point for paying 20% basic tax rate (up from \u00a311,500)<\/li><li>40% tax will start on earnings above \u00a346,350 (up from \u00a345,000)<\/li><li>Above the \u00a3150k upper rate, you will pay 45%.<\/li><\/ul>\n\n\n\n<p><strong>Dividend Taxes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Everyone now receives a \u00a32,000 allowance, down from \u00a35,000.<\/li><li>Once past the allowance, basic rate taxpayers will pay 7.5% tax, higher rate taxpayers will pay 32.5% and additional rate taxpayers will pay 38.1% tax.<\/li><li>These changes don\u2019t affect any shares you hold in an Isa or a pension.<\/li><\/ul>\n\n\n\n<p><strong>Capital Gains Taxes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Lower rate taxpayers pay 10% tax; higher and additional rate taxpayers pay 20%<\/li><li>If you\u2019re selling a second property, including buy-to-let investments, then you are the exception and there will be charge of 18% for basic rate taxpayers or 28% for higher and additional rate taxpayers.<\/li><\/ul>\n\n\n\n<p><strong>Pensions:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>There are no major changes to pension allowance.<\/li><li>The lifetime pensions allowance has been increased by \u00a330,000 and now stands at \u00a31,030,000.<\/li><\/ul>\n\n\n\n<p><strong>Isas:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>If you have a Help to Buy Isa you can save up to \u00a33,400 in the first year and then \u00a32,400 each year after<\/li><li>If you have a Lifetime Isa you can save \u00a34,000 a year and this can be used towards the cost of buying a first home or for retirement.<\/li><\/ul>\n\n\n\n<p>Now is a great time to review your financial plans and make sure they are working for you.&nbsp; Please get in touch with to arrange a free review meeting.&nbsp; Call 0114 235 3500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re now in the new tax year with a bigger than usual set of changes.&nbsp; Here\u2019s our list of the main headlines: Income Tax: \u00a311,850 is the starting point for paying 20% basic tax rate (up from \u00a311,500) 40% tax will start on earnings above \u00a346,350 (up from \u00a345,000) Above the \u00a3150k upper rate, you &hellip; <a href=\"https:\/\/www.hamnettwealth.com\/news\/big-changes-ahead\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Big Changes Ahead&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-101","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts\/101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/comments?post=101"}],"version-history":[{"count":1,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts\/101\/revisions"}],"predecessor-version":[{"id":102,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts\/101\/revisions\/102"}],"wp:attachment":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/media?parent=101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/categories?post=101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/tags?post=101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}