Personal Financial News

Tuesday 11 April, 2017 Written by 
12-sided pound coin

The timetable for the introduction of the new 12-sided pound coin. 28 March to 15 October 2017.

Postage rises

The prices of first and second class stamps are to rise by 1p from 27 March, Roy-al Mail has announced. It will take the price of a first class stamp to 65p, and second class to 56p.Royal Mail said the price rises were necessary to maintain the universal service - the principle that it delivers letters across the whole of the UK for the same price.

A stamp for large first class letter will rise by 2p to 98p. A large second class letter will go up by 1p to 76p. “

Budget changes April 2017

The personal allowance – the amount you can earn before paying income tax – will rise with the start of the new tax year from £11,000 to £11,500. The threshold for paying higher-rate, 40pc, tax will also rise from £43,000 currently, up to £45,000.

Vehicle Excise Duty uprating

As announced at Spring Budget 2017, the government will legislate in Finance Bill 2017 to increase Vehicle Excise Duty (VED) rates for cars, motorcycles and vans registered before 1 April 2017, by the RPI with effect from 1 April 2017. The Vehicle Excise Duty: increase in rates for cars, vans, motorcycles and motor-cycle trade licences TIIN was published on 8 March 2017.

https://www.gov.uk/vehicle-tax-rate-tables for current rates

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