Increase In Income Tax in The AnswerBank: Politics

Increase In Income Tax

gramps85 | 19:35 Mon 17th Feb 2025 | Politics

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I have just received my Income Tax Assessment for 2025-2026, and it shows my personal allowance has decreased by £450. Last tax year I was allowed to have an income of £450 more before paying tax. This means that any increase in my retirement pension will just be paid back in tax. So much for a Government of lower taxation. Thanks very much Reeves and Starmer.

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09.14 Just done so. But thanks for reminder.

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