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The government is committed to keeping taxes low to support working people keep more of what they earn.
Budget 2018 announced that the government will increase the personal allowance to £12,500 and the higher rate threshold to £50,000 from April 2019, one year earlier than planned.
This tax cut means, in 2019-20, a typical basic rate taxpayer will pay £1,205 less in tax than in 2010-11. Across the UK, 1.74 million of the lowest paid will be taken out of tax entirely since 2015, leaving more of their hard-earned money in their pockets.