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Evening Standard
Evening Standard
Business
Anna Wise

Freeze to income tax thresholds extended to 2031 – what does it mean for me?

Income Tax Rachel Reeves England Northern Ireland OBR Wales

A freeze on income tax thresholds has been extended to the 2030-2031 tax year, a move which is set to raise £7.6 billion in revenue by 2030 and increase the number of UK taxpayers.

It means the current income tax bands will stay as they are until April 2031 for taxpayers in England, Wales and Northern Ireland.

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