cryrst
Member
- Location
- The garden of England
- Country
England
It will cost hmg if my sum is correct £486 (£2430 x 20%) per annum per worker maximum. There is a good chance this will be spent with all the other outgoings so the impact will probably be negligible as you say steeleye.Burnham is also pushing this policy as it actually costs very little.
- Personal Allowance: You can earn up to £12,570 tax-free per year for the 2026/27 tax year, which is the same standard threshold frozen since 2021. [1, 2]
- Sole income: If the State Pension is your only income, you usually do not pay any tax because the full amount stays below the Personal Allowance threshold. [1, 2]
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