Income Tax

10th April 2017

Andrew Bridgen MP has welcomed the news that ordinary working families in North West Leicestershire are set to benefit from a range of Government measures coming into effect this week.

From today, the tax-free personal allowance will rise for the seventh year to £11,500, benefitting around 45,535 people in North West Leicestershire and meaning a typical basic rate taxpayer will pay a full £1,000 less income tax than in 2010.

As a result of our changes to the personal allowance and higher rate threshold, 2,190,000 individuals in East Midlands gain on average £189, and a total of 102,000 individuals will have been taken out of income tax altogether, compared to 2015-16.

In addition:

·         The National Living Wage – which delivered a pay rise to a million people last year – will rise again to £7.50: an income boost of over £500 for a full time worker in North West Leicestershire.

·         The Government will provide up to £2,000 a year per child through the roll out of tax-free childcare, to help with childcare costs for families in North West Leicestershire

·         Hard-pressed savers will get a boost, with access our new market-leading NS&I bond which will pay 2.2% on deposits up to £3,000.

Local MP Andrew Bridgen said:

‘We’ve come a long way in the last seven years – there are 2.8 million more people in work, unemployment is at its lowest for twelve years and we’ve cut income tax for over 30 million people. But there is more to do to help people locally and across the UK feel the benefits of the recovery, and make ends meet.

‘By giving the lowest paid a wage boost, taking more people out of income tax, boosting savings and helping with the cost of childcare, we’re putting ordinary working people at the heart of our plan for Britain: to build a stronger, fairer economy that works for everyone’.

Project Cheer

Reasons to be upbeat about Brexit.

Surgeries

Andrew holds regular surgeries throughout the constituency.

 
Forthcoming surgery dates

Thursday 3rd August 2017 - Coalville                                                                  
11.30am-1.30pm
Coalville Library, High Street, Coalville, Leics LE67 3EA
 
Thursday 31st August 2017 - Castle Donington
1.00-3.00pm
Castle Donington Parish Council, Parish Rooms Hillside, Castle Donington DE74 2NH
 
Friday 6th October 2017 - Coalville
11.30am-1.30pm
Coalville Library, High Street, Coalville, Leics LE67 3EA

 

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