Income Tax: Tax Allowances
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the Personal Allowance threshold from £12,570.
Answered by James Murray
The previous Government made the decision to freeze the income tax Personal Allowance at its current level of £12,570 until April 2028. At our first Budget, we decided not to extend the freeze on personal tax thresholds meaning they will rise with inflation from April 2028
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