UK Raises Personal Tax Threshold to £20,000 – A Win for Low-Wage Earners!
Major public support has gathered for a campaign to raise the UK personal tax allowance from £12,570 to £20,000. Those since the threshold was frozen in 2021, many low-income earners have found themselves liable to pay income tax on what should have been their under-taxed income, thanks to a thing called ‘fiscal drag.’ This has … Read more