General · 8 March 2026
£20,070 Tax-Free Income Possible With HMRC Rules
UK taxpayers could potentially increase their tax-free income to £20,070, offering a lower tax bill for many. HMRC confirms this can be achieved by blending the standard £12,570 Personal Allowance with additional allowances, not through a direct allowance hike. Careful savers and pensioners, for instance, may combine savings and specific schemes like the Rent a Room option to reach this higher amount.
Reported by HMRC Confirms Tax-Free Personal Allowance Rise to £20070 — Full Details · How we write briefs