TaxPersonal TaxBudget2011: Personal tax allowance up £630

Budget2011: Personal tax allowance up £630

Personal tax allowance is being increased by £630 to £8,105

Personal tax allowance is to rise by £630 to £8,105 by the end of 2012/13.

This will cost the Treasury more than £4.5bn in total over the next four years.

The cost will be £1.04bn in the first year, then £1.21bn, £1.2bn and £1.23bn by 2015/16.

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