Tag Archives: personal tax allowance

The Independent View: Tax threshold changes – why the gains don’t reach the pockets of low earning families

MoneyIncreasing the personal tax allowance to £10,000, to allow workers to keep more of their earnings before they start paying tax, sounds like a no-brainer as a way of helping hard working families trying to manage. However, a closer examination tells a different story – many poorer working families will keep only a fraction of the increase in net pay. This is because most of it will be deducted from any housing benefit or council tax support they receive. Higher income families in contrast keep all the net gain.

A single person …

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