Every penny counts at the moment and we know from the Autumn Statement last year, more tax is expected to be paid by millions throughout 2023.
Sarah Coles, senior personal finance analyst, at Hargreaves Lansdown explained how for most people, the “lion’s share of the rise” will come from the freeze in income tax thresholds.
For other groups, such as investors, property owners and business owners, Sarah says the “tax attacks” will come from all sides.