Petition Raise the Tax-Free Personal Allowance to £16,000 in the next tax year
The current standard Personal Allowance is £12,570. However, with the current economic challenges and increased living costs, we believe the £12,570 allowance is no longer sufficient for many people.
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By increasing the standard Personal Allowance from £12,570 to £16,000 we can support average UK workers.
We ended December 2023 with an inflation rate of 4.0%. This economic climate has left many struggling to make ends meet, with some full time workers having to use food banks.
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament