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Jeremy Hunt’s ‘stealth’ income tax rise: here’s how it will affect you

Millions of people in England, Wales and Northern Ireland face paying basic or higher-rate tax for first time. We look at how much it will cost and what you can do

The government’s decision to freeze income tax thresholds means nearly 3 million low- and middle-income people in England, Wales and Northern Ireland will have to pay basic or higher-rate tax for the first time this year while existing taxpayers will also have to stump up more.

There was no mention of this in Jeremy Hunt’s budget speech but that is because he had already said in November that personal tax thresholds are going to stay the same until 2028.

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Please note that all views in posts that are not from the BSL Editorial Team are not opinions of the company and do not represent us in any form. All Non-Editorial articles are intended to be purely informational and should not be treated as fact.

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