2.5 million Brits set to be pushed into £100,000 ‘tax trap’ by 2031
2 September 2026
The number of Britons caught in the £100,000 ‘tax trap’ is set to reach 2.5 million by 2031 due to the personal allowance taper loss, IG has warned. The £100,000 threshold, where the tapering of the personal allowance creates an effective 60% marginal tax rate, has remained unchanged since it was introduced in 2010....
