UK income tax thresholds stay frozen until 2031, then rise with inflation

UK income tax thresholds, including the personal allowance and higher-rate band, will stay frozen until April 2031 and are then expected to rise with inflation, according to Office for Budget Responsibility documents released with Chancellor John Healey's budget. The freeze, often called a stealth tax, is set to raise £58bn by 2030-31 as more income gets taxed.