Petition · past parliament · HM Treasury
Reduce higher rate income tax from 40% to 30% for income under £150k
Closed
42 signatures
What the petition asks
Review the % of income tax for those earning £150,000 or less to help put money back into the economy.
There is too much of a jump from 20% to 40% for those earning £150,000 or less. Reduce that jump to 30% for those who qualify for 40% income tax. Perhaps keep the threshold at 40% for those who have a basic salary of over £150,000.
Up to £40,000 = 20%
£40,001 - £150,000 = 30%
£150,001 - £250,000 = 40%
£250,000 + = 45%
Up to £40,000 = 20%
£40,001 - £150,000 = 30%
£150,001 - £250,000 = 40%
£250,000 + = 45%
Timeline
| 26 May 2023 | Petition opened for signatures |
| 26 Nov 2023 | Closed to new signatures |
Key facts
Signatures
42
Status
Closed
Department
HM Treasury
Opened
26 May 2023
Closed
26 Nov 2023
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Source: the official petition page. Last checked 15 Jul 2026.