#fiscal-drag

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UK news
fromBusiness Matters
3 days ago

Number of pensioners caught in 60% tax trap doubles

Frozen personal tax thresholds have pushed about 77,000 pensioners into an effective 60% marginal income tax between £100,000 and £125,140.
UK politics
fromBusiness Matters
1 week ago

'Henrys' braced for harsher Budget as analysts warn effective tax rate could exceed 60%

High-earning professionals just over £100,000 face rising effective tax rates above 60% due to frozen thresholds, lost allowances, and reduced childcare and pension relief.
Canada news
fromBusiness Matters
4 months ago

420,000 more pensioners dragged into income tax net as threshold freeze bites

Pensioners are increasingly affected by frozen tax thresholds, with 420,000 more paying income tax this year.
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