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Personal Tax Allowance and Income Tax Bands for the new Tax Year

Personal Allowances and Income Tax bands for 6 April 2019 to 5 April 2020 can be found here  and remember that they now differ between Scotland and England (unless you are still serving).

Early Departure income payments and AFPS pensions, (but not lump sums or attributable ill-health pensions, war pensions and Armed Forces Compensation Scheme pensions), count as ‘earned income’ for tax purposes. For some reason there has been recent confusion over early departure income payments with a degree of wishful thinking on the part of some recipients – but they are taxable.

You can also read an article we wrote on this topic in this month’s issue of Pathfinder magazine – click here and turn to page 6


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