The income tax threshold, the point at which people pay income tax, may see a marked rise in the Budget.
Part of the Coalition Government’s agreement was to increase the threshold to a point where no-one earning less than £10,000 a year would be charged income tax.
Mr Osborne may raise the current threshold to a higher level again, perhaps balancing the effect by reducing the threshold at which people pay 40 per cent in tax.
This material is for informational purposes only and should not be relied upon as professional advice.
