Income Tax: Tax Allowances
(asked on 11th February 2025) - View Source
Question to the HM Treasury:
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.
This question was answered on 18th February 2025
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