Tax cuts ahead for some

Posted on 01 Jul 2021
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Telling voters that in future they could ‘take home more of their own money, David Cameron promised that the increase in the threshold at which people pay the 40% tax rate from £41,900 to £50,000 while the personal income tax allowance would be extended further by £2,000 to £12,500.

The promises to improve personal taxes come amidst calls from Conservative backbenchers to raise the 40% threshold.

Cameron also repeated plans to allow pensioners to pass on pensions without incurring death taxes and said that spending on the NHS would again be ringfenced report Harris & Co accountants Northampton #accountantsnorthampton

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