Closed petition: Move Tax Bands in line with minimum wage increases
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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.
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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This petition will stay open until 18 June 2025.