Key information
Publication type: General
Publication date:
Contents
- Abolishing the social care levy, and introducing a 1p cut in income tax are both regressive measures as higher earners benefit more.
- Someone earning £150,000 a year, the point at which the highest 45% rate of income tax starts, would gain from these changes by over £1,950 a year.
- An employee with low earnings working in London at the tenth percentile point in 2021, that is £11,000 a year, would gain nothing from these changes.
Useful links
Back to table of contents
Related documents
Pre fiscal announcement analysis on possible personal tax changes