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Daily Mirror
Daily Mirror
Business
Levi Winchester & Sam Barker

Jeremy Hunt extends freeze on Income Tax thresholds - meaning millions will pay more

Millions of workers will hand over more cash to the taxman after Chancellor Jeremy Hunt announced an extended freeze on tax thresholds as part of his Autumn Statement.

The Income Tax personal allowance - set at £12,570 - was already frozen for four years to April 2026, but this will now be stretched to April 2028.

The 45p threshold for higher rate payers earning above £150,000 is also being reduced to £125,140 from April - hitting the most wealthy workers.

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