Move Tax Bands in line with minimum wage increases

Review and change tax bands in line with minimum wage increases. Since freezing the bands, minimum wage has increased by 28.5%. The tax bands should have moved by same amount or minimum wage should not have increased.

234 Signatures

Status
Open
Opened
Wednesday 18th December 2024
Last 24 hours signatures
1
Signature Deadline
Wednesday 18th June 2025
Estimated Final Signatures: 237

Reticulating Splines

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Increase all tax bands by 28.5% in line with minimum wage increases.
I.e. move starting band from £12,570 to £16,155 for 20% tax to start.
Move the 40% band from £50,270 to £64,610
Move the additional band from £125,140 to £160,838.


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Reticulating Splines