Income tax and NIC thresholds and bands further frozen until 2031
I’ve said it before and I’ll say it again: How do you put up tax without putting up tax? Freeze thresholds and allowances so that inflation does it for you! The current personal allowance of £12,570, and higher rate tax threshold of £50,270, for example, have already been frozen until 2028, but it was today confirmed that all current tax & NIC thresholds will be frozen for a 3 further years…
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