The income tax Personal Allowance (£12,570) and higher rate threshold (HRT)(£50,270) will be uprated
The income tax Personal Allowance (£12,570) and higher rate threshold (HRT)(£50,270) will be uprated in line with CPI as planned in April 2021, then maintained at that level until April 2026. This decision will not reduce take-home pay and the highest income households will continue to contribute more. This will take effect in April 2022.
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