23rd September 2026

‘Could the personal allowance rise to £15,570 in the Budget and how would it be funded?’

– ‘The frozen personal allowance has been one of the most effective stealth taxes in modern memory,’ Paul Denley, chief executive of Oakham Wealth Management told This is Money via Newspage. The Government is understood to be considering raising the personal allowance from £12,570 to £15,570, an increase of £3,000. Nothing has been confirmed by the Treasury. A Treasury spokesman said decisions on tax were a matter for the Chancellor to set out at fiscal events, rather than ‘routinely commenting on rumour, speculation or proposals’.

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