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6th April 2018
08:44am BST

(Credit: Matt Cardy)[/caption]
In real terms it translates to around an additional £100 of income every year. If you earn the UK's average salary of £27,600 new take-home will be roughly £22,150, compared to £22,050 last year.
Even city ballers on more than £200,000 will get a little extra, as the top band of taxation's threshold moves from £45,000 to £46,350.
Government plans for the personal allowance aim to keep adjusting its threshold yearly until it reaches £12,500 in 2020.
The national minimum wage has also increased this week.
Tax, explained.Explore more on these topics: