Warning for 4.2 million on low incomes set to be hit by stealth tax – check if you’re affected
"We’re still only very near the start of the income tax threshold freeze – which is set to last until 2028."We’re going to see a steady stream of taxpayers crossing thresholds and paying eye-watering levels of tax."At the moment, the highest rate of tax is applied to anyone with an income between £50,271 to £125,140.
Contributing to your pension could be another way of bringing you back below the higher rate tax threshold.
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