Potential Income Tax Cut? HMRC Could Increase £12,570 Allowance
Brandon Naylor
The UK government is considering an increase in the Personal Allowance, currently set at £12,570, to provide financial relief amid rising living costs. However, the allowance remains frozen until April 2028, raising concerns about fiscal drag and increasing tax burdens. This article explores the potential impact, government concerns, and how taxpayers can optimize their finances in the meantime. Stay informed on potential income tax changes and tax-saving strategies.
