Yep frozen to 2028 :+(21 Nov 2023 18:35
Mr Hunt could instead opt to increase tax thresholds - the amount you can earn before being pushed into a higher tax bracket. The basic personal allowance currently is £12,570, meaning you can earn this much without having to pay any income tax. Earnings above this amount are subject to the basic rate of 20% and above £50,270 you pay the 40% higher rate. The Government has said these thresholds will be remain frozen until April 2028, meaning millions of people will end up in a higher tax bracket.