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  • How does the 2013 budget affect personal allowance?

    The personal allowance for under 65 year olds is set to rise to £10,000 on 6 April 2014.

    In the interim, the personal allowance for under 65 year olds is set to rise to £9,440 on 6 April 2013.

    These moves are expected to ensure many low paid workers will pay little or no income tax.

    Farrell Financial Planning are whole of market independent financial advisers (IFAs) based in the Scottish city of Glasgow.

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