Below are some of the changes to rates and thresholds, as advised by HMRC. These will become effective from April 2019.
Personal Allowance £12,500 per year.
Basic Tax Rate 20% on annual earnings above the personal allowance, up to £37500.
Higher Tax Rate 40% on annual earnings from £37501 to £150,000.
Additional Tax Rate 45% on annual earnings above £150,000.
The threshold above which both employers’ and employees’ national insurance contributions will begin is £8,632 per year, or £719 per month.
The new minimum wage rates from 1st April will be :-
Age 25 and above £8.21
Age 21 to 24 inclusive £7.70
Age 18 to 20 inclusive £6.15
Aged under 18, but above compulsory school leaving age £4.35
Apprentice under 19 years old £3.90
Apprentice over 19 years old, but in first year of the apprenticeship £3.90