Personal tax allowance £12,570 freeze update as Bank of England proposes rise

The personal tax allowance has been frozen at ﾣ12,570 since 2021 and is under the spotlight with a fortnight to go until Chancellor John Healey’s first BudgetThe personal tax allowance granted to workers before they must pay tax to HMRC is under the spotlight once more with a fortnight remaining until Chancellor John Healey’s first Budget.