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Story summary
- Starting in 2027, changes to the personal allowance will affect taxpayers with investment or rental income.
- The personal allowance, £12,570, will be allocated first to employment, trading, or pension income.
- The shift could raise some taxpayers’ bills by £614 on average, including an additional £182.
- Critics warn that the changes could discourage saving and raise rents.
- The Treasury says they aim to tax asset income more fairly and support families.
