Personal Tax Allowance 'Rise to £15,570' Plan Outlined

Retirees could avoid state pension tax if Labour hikes HMRC personal allowance

Next year's tax on state pension payments may no longer be implemented if the Labour Government implements a rumoured policy change by April 2027.Chancellor John Healey and Prime Minister Andy Burnham are understood to be considering raising the tax-free personal allowance by £3,000 to offer a financial boost to low-earning households.The allowance, which is the threshold at which someone begins to pay income tax to HM Revenue and Customs (HMRC)…

Could the personal allowance rise to £15,570 in the Budget?

The Government is said to be considering upping the income threshold at which earners start paying tax from £12,570 to £15,570.

John Healey urged to end Labour's stealth income tax raid in October Budget

Ending freeze on personal allowance threshold 'would be the most popular thing Chancellor could do'

Andy Burnham 'set to raise income tax personal allowance to £15,570'

The first Budget of the new Labour Government will be held on October 28

Personal tax allowance 'rise to £15,570' plan outlined

UK Personal Allowance Proposal Offers £600 Tax Cut but Puts 45% CGT in Play

London, September 23, 2026, 12:14 (BST) A reported Budget proposal would lift Britain’s personal allowance by £3,000, saving many basic-rate taxpayers £600 yearly. The same package could push capital-gains tax as high as 45%. That trade-off matters before the October 28 Budget. The allowance remains £12,570, while most taxable investment gains face 18% or 24%.…