Income tax trap to capture 2.5 million Britons as households face £100,000 cliff-edge

GB News 34 h United Kingdom

Some 2.5 million Britons are expected to be captured by an income tax trap, with analysts sounding the alarm over the impact fiscal drag is having on taxpayers. According to new research from investment firm IG, millions will find themselves caught by the £100,000 personal allowance taper. The mechanism, which strips away £1 of Personal Allowance for every £2 earned above the threshold up to £125,

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