Personal allowance

AE, LTA and more

Higher rate allowance up to £46,350

New allowances to consider

The pension tax anomaly that gives with one hand and takes with the other

The personal allowance, the level before tax is paid on income, will increase to £11,000 next year, the Chancellor has said, a year earlier than previously announced.

The threshold at which people begin to pay income tax will rise to £10,000 in 2014, a year earlier than planned, the Chancellor announced today.

Poor households are the biggest losers from the government's tax policies, TUC research reveals.