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40% tax rate threshold to be raised to £50,000.
The 40p rate threshold is to change leaving higher earners' tax unchanged.
Higher rate threshold to rise to £41,865, and then up 1% again next year.
As Dems take to the floor, looking for consistent support for higher rate threshold from members.
This is an increase; in fact, it is the first cash increase in the higher rate threshold in this parliament.
For single earner households in that bracket, freezing of the higher rate threshold and benefit changes "will result in those households falling further down the income distribution".
Similar(6)
2. The top-rate threshold.
This is mainly because earnings have risen more quickly than the higher-rate threshold.
Their families will lose child benefit if their partner's earnings exceed the higher-rate threshold.
The "nil-rate threshold" – the value under which inherited wealth is untouched by tax – currently stands at £325,000, frozen since April 2009.
He defended the fact that two-earner families will continue to get child benefit even if their combined income is above the higher-rate threshold.
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