£30,000 tax-free allowance ‘not risen since 1988’ and ‘should be £85,000’ as 51,000 in UK affected in one month

£30,000 tax-free allowance ‘not risen since 1988’ and ‘should be £85,000’ as 51,000 in UK affected in one month

It has remained unchanged for 38 years and one expert said it should now be £85,000The limit hasn’t changed for nearly four decades(Image: imageBROKER/Audtakorn Sutarmjam via Getty Images)Employers in Great Britain notified 50,904 proposed redundancies in September 2026, the most in a month since October 2020, while the tax-free limit on redundancy pay has not changed since April 1988.

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Reported by mirror.co.uk.

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