In Brief: Navigating the higher-rate tax freeze #TipTuesday
Tuesday, 06 December 2022
Minimising the impact on your personal finances
If you’re a higher rate taxpayer, the freeze on the Income Tax threshold will have meant an increase in your tax bill. The reason for the increase stems from the Chancellor’s decision in April 2021 to freeze the higher rate tax threshold rather than increase it in line with inflation.
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