Budget 2024 Income Tax Relief. This includes ending the use of offshore trusts to shelter assets from inheritance tax and scrapping the planned 50% tax reduction for foreign income in the first year of the. Salaried employees are hoping to see several favourable announcements, including an increase in income tax rebate, restoration of the old pension scheme (ops) and.
Nearly four million additional individuals will begin paying income tax, around three million more will shift to the higher rate, and an additional 400,000 will move into the top tax. Quickly jot down and share to your friends!