Budget 2017: Good news for Northern Ireland households
The rolling out of Tax-Free Childcare for working families with children under 12, providing up to £2,000 a year per child to help with childcare costs and up to £4,000 for disabled children under seventeen.
- The freezing of fuel duty for the seventh successive year, saving the average driver in Northern Ireland nearly £10 every time they fill up their car.
- The raising of the National Living Wage from £7.20 to £7.50, giving people in Northern Ireland a well-deserved pay rise.
- Confirmation that the personal allowance and higher rate threshold will increase to £12,500 by 2020-21, which will reduce the income tax bill for 800,000 individuals in Northern Ireland in 2017-18, and take 35,000 individuals out of income tax altogether.