How does the personal allowance for 2021 work? Here's a worked example to show you!

The personal allowance is changing for 2021. Check out this example so that you know how to use your personal allowance when it updates. The budget 2021 made updates to the Personal allowance for UK income tax. This video uses the personal allowance from 2020/21 tax year.

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Hello and welcome to Making Tax Simple, my name is Jack and I am a junior accountant working in tax. My aim is to support your understanding of tax in the ever changing world as well as taking you along my journey studying tax qualifications.

Using my knowledge and practical experience I will provide you guidance to learn more about some of the key areas of tax and what they may mean for you. If you do have any specific comments or questions about tax that you would like me to cover in videos, be sure to add them to the comments section and I will respond. If you are new around here, please be sure to hit like and subscribe for more tax information and eduction to support you in understanding where your hard earned money is going!

Please note that these videos and comments are for eduction and entertainment purposes only. All information that I provide is believed to be correct but please be aware that there may be inaccuracies.

#shorts #budget2021 #personalallowance