Written Question·Treasury·UIN 30903
Income Tax: Tax Allowances
Tabled: 11 February 2025
Answered: 18 February 2025
Question
Mr Peter Bedford
Conservative — Mid Leicestershire
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.
Answer
James MurrayThe 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 inflati...
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