Your Income Tax is going up! 📈 Rachel Reeves has extended the freeze on Income Tax thresholds, and employer National Insurance thresholds, to 2030/31… This might not seem like a tax rise at first, that’s because it’s a ‘stealth tax” and will allow the government to tax more of your income, without increasing your tax rates. Frozen tax thresholds result in ‘fiscal drag’, where as wages, benefits, and pensions rise with inflation, people end up paying more tax, and getting dragged into higher tax

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