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Personal Allowance is changing and more couples may now get boost to net take home pay | Personal Finance | Finance

PERSONAL ALLOWANCE is the term used for the portion of taxable income a person can earn at a zero percent Income Tax rate. The Personal Allowance will rise next month, ahead of a five-year freeze.

Minimum Wage and National Living Wage rates will increase from April 2021 | Personal Finance | Finance

| UPDATED: 15:13, Thu, Mar 11, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Not only will rates rise across both the National Minimum Wage (NMW) and the National Living Wage (NLW) but a change to the threshold for the latter rate will come into force.

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