The tax-free personal allowance starts to be withdrawn once earnings hit \u00a3100,000 and individuals may pay more in taxes and student loan repayments than they take home. <\/p>\n
With tax thresholds frozen until 2031, an estimated 500,000 additional workers are expected to be affected by this ‘tax trap’, writes FT consumer editor Claer Barrett. <\/p>\n
There is speculation that this topic may become more prominent on the political agenda now that MPs’ salaries have reached \u00a398,599.\u2060<\/p>\n
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See if you get the FT for free as a student (http:\/\/ft.com\/schoolsarefree<\/a>) or start a \u00a31 trial: https:\/\/subs.ft.com\/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132.<\/a><\/p>\n \u25ba Check out our Community tab for more stories: https:\/\/www.youtube.com\/<\/a>@FinancialTimes\/community The tax-free personal allowance starts to be withdrawn once earnings hit \u00a3100,000 and individuals may pay more in taxes and<\/p>\n","protected":false},"author":1,"featured_media":93777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-93762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/93762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/comments?post=93762"}],"version-history":[{"count":0,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/93762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media\/93777"}],"wp:attachment":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media?parent=93762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/categories?post=93762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/tags?post=93762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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