Number of UK income tax payers leaps by 4.4m in three years due to threshold freeze

HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22

Business live – latest updates

The number of people dragged into paying income tax has leapt by an estimated 4.4 million in three years because of the government’s freeze on thresholds, official data shows, a statistic likely to reignite the election debate on tax.

The figures show that a continuing freeze on income tax thresholds, seen as a stealth tax by some, has pulled an extra 1.77 million pensioners into the income tax bracket.

Continue reading…   


Discover more from Stay Updated

Subscribe to get the latest posts sent to your email.


Leave a Reply