There is a strong possibility to rise in personal threshold from £ 12750 to £20000. This petition got already 130000 signatories and may now debated MPs.
Alan David Frost launched a petition to Parliament advocating for an increase in the income tax personal allowance from £12,570 to £20,000. He argues that this change would assist low-income earners in becoming less reliant on benefits while ensuring pensioners have a sufficient income. He also criticizes the taxation of State Pensions exceeding the personal allowance and believes that raising the threshold would not only support low earners but also boost the economy by increasing cash flow and promoting growth.
