Strategies For A High Tax Environment

After almost a decade of personal allowance increases, the last four tax years have seen the personal allowance and the higher-rate tax thresholds frozen. This covert revenue-raising method has meant that in 2026/27 the proportion of the age 16+ population who are income tax payers is estimated to be 70%, against 59% in 2020/21. The Office for Budget Responsibility (OBR) calculates that by 2030/31 the proportion of income tax taxpayers in the higher- or additional-rate tax bands will have risen to 24% from 15% in 2020/21.

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Strategies For A High Tax Environment

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