All posts tagged: Income Tax Policy

Response given with one-week deadline on £20,000 personal tax allowance change | Personal Finance | Finance

Response given with one-week deadline on £20,000 personal tax allowance change | Personal Finance | Finance

Chancellor Rachel Reeves extended the income tax freeze at November’s Budget (Image: HENRY NICHOLLS, AFP via Getty Images) A petition calling on the UK Government to increase the personal tax allowance to £20,000 from its current level of £12,570 has one week remaining to gather sufficient signatures to be considered for Parliamentary debate. The petition, established on the UK Government’s petition website by Shannon Keene, has a deadline of Saturday, February 28, 2026. Titled ‘Raise the income tax personal allowance from £12,570 to £20,000’, it states: “This would help with increasing rent, mortgages, Council tax, and Gas and Electric bills. Some families can’t afford to go back to work after children due to childcare costs wiping their whole income! “We think that we are currently paying ridiculous amounts of tax, and that minimum wage isn’t even enough to support an average family. We believe that this would lead to a massive increase on people willing to look for work, instead of people not wanting to, due to it being too expensive to now live.” At …