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Government reduces 45% income tax threshold

Employee Benefits

Autumn budget 2022: The government has reduced the threshold at which the 45% rate of income tax becomes payable, from £150,000 to £125,140. ” The post Government reduces 45% income tax threshold appeared first on Employee Benefits.

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Government maintains income tax thresholds

Employee Benefits

Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028. In particular, the freezing of the personal allowance and higher-rate threshold for income tax will impact those on low and medium incomes.