How the new UK tax year will affect expats

clock • 4 min read

An increased State Pension, more generous pensions taper relief and a new stamp duty for non-UK residents. What are the key takeaways of the new tax year on 6 April that may affect expatriates in 2020/21? Jason Porter outlines the key points. Personal taxes There are no changes to the personal tax allowances or thresholds. For those employed in the UK, however, an increased threshold for National Insurance contributions from 6 April to £9,500 could represent an extra £100 a year.   Savings and investments The capital gains tax exemption continues tracking inflation, increasing ...

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