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November 2022 | Autumn statement key points
Income tax thresholds - The personal allowance will remain frozen at £12,570, and the threshold at which individuals become liable for the higher rate of 40% will remain at £50,270, in both cases until April 2028.
Additional rate of income tax (ART) - the 45% ART threshold will be lowered from £150,000 to £125,140 from 6 April 2023.
Dividend Allowance - the dividend allowance will be cut from £2,000 to £1,000 from April 2023, with a further reduction to £500 from April 2024.
Capital gains annual exempt amount - the exempt amount will be reduced from £12,300 to £6,000 from April 2023, further reducing from April 2024 to £3,000.
#AutumnStatement #IncomeTax #ART #DividendAllowance #CapitalGains
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