BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
Your tax-free income
The personal allowance is the amount of money you can earn each year before you start paying income tax. Currently, it's £12,570. If this threshold rises, you could potentially earn more without being taxed, leaving you with more of your take-home pay.
Stories that explain this
Andy Burnham hints income tax threshold may rise, offering people breathing spaceRelated explainers
Global tax approaches What is a 'stealth tax'? Why tax thresholds freeze? Who pays higher taxes? What is income tax? Is loan money tax-free? Who pays income tax? What's the tax-free allowance?The full catalogue
Browse every card filed under T →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.