Are you one of the millions in line for a pay rise this tax year?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 12 April 2019
⏱️ 32 minutes
🧾️ Download transcript
Summary
There are three certainties in life. You know the drill. You’re born, you will die and you will listen to this podcast about tax.
As another new tax year is upon us, editor Simon Lambert and host Georgie Frost explain the tax changes that will affect you.
There is a nice pay rise for more than 20 million people as the personal allowance is raised.
And Simon answers some of the questions on everyone’s lips:
What is the lifetime allowance?
What is inheritance tax?
Why do married couples get a tax break?
Should families be rewarded when both parents work?
How does national insurance work?
And why do the cost of stamps and all your bills all go up on the same day?
You'll learn an awful lot about things you need to know about tax without having to read about it.
Enjoy.
Transcript
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| 0:00.0 | Welcome to This is Money in Partnership with NS&I. I'm your host Georgie Frost and alongside me today is editor Simon Lambert. |
| 0:08.0 | And the new tax year is underway so we run through the potential winners and losers from wage rises and marriage perks to stealth car taxes and buy to letters. |
| 0:18.0 | But watch out if you are in line for again, it may be wiped out by National |
| 0:22.5 | Bill Hike Day. It's the time of the year when utility companies tend to put up their prices, |
| 0:27.9 | but it's not just our energy or broadband. There are no council tax, prescriptions, if you're in England, |
| 0:33.0 | and even stamps have all gone up, so we'll run through how you can reduce your bills. |
| 0:38.3 | Obviously not all of them can be reduced, I'm afraid. |
| 0:41.1 | Don't forget you stay up to date. |
| 0:42.0 | With all the latest breaking money news, just go to this ismoney.co.uk or download the app. |
| 0:48.0 | This is Money. |
| 0:49.5 | Brought to you in partnership with NS and I, giving your little ones a head start with our junior ISA. |
| 0:57.2 | Now the new tax year is underway and shortly if not already you will start noticing some of the |
| 1:03.1 | changes perhaps when you get your wage slip at work, your bills through the post or your pensions |
| 1:07.8 | or savings updates. From workers to married couples, drivers, |
| 1:11.2 | renters, homeowners, no one it seems is immune. So let's run through some of the potential |
| 1:16.2 | winners and losers for 2019 to 2020. But first, Simon, why do we get so many changes all at once |
| 1:23.8 | at this time, remind us? Because it is the end of the old tax year and the start of the new tax year. |
| 1:31.0 | The old tax year ends on April the 5th. |
| 1:34.9 | The new tax year starts on April the 6th. |
| 1:38.3 | I don't know. |
| 1:40.1 | I should know by now, shouldn't I, after all these years of financial journalism, |
| 1:44.1 | why it is April the 6th? |
... |
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