Petition · past parliament · HM Treasury
Abolish personal allowance tapering
Closed
306 signatures
What the petition asks
The highest marginal tax rate on income is 62% (Including the employee’s National Insurance) on taxpayers between £100,000 and £125,140. We believe it is unfair that these taxpayers have a higher marginal rate than those earning millions. The personal allowance needs to be returned to everyone.
For every £2 earned over £100,000, taxpayers lose £1 from their personal allowance (which is then taxed at the 40% rate). This means that all taxpayers with an income over £125,140 do not receive the personal allowance.
This bracket of income is taxed at 42% (40% Income Tax and 2% National Insurance). This coupled with the tapered loss of personal allowance creates the 62% 'Super Tax' bracket.
We believe this is not appropriate or fair and the personal allowance should be available for everyone.
This bracket of income is taxed at 42% (40% Income Tax and 2% National Insurance). This coupled with the tapered loss of personal allowance creates the 62% 'Super Tax' bracket.
We believe this is not appropriate or fair and the personal allowance should be available for everyone.
Timeline
| 5 Jan 2024 | Petition opened for signatures |
| 29 May 2024 | Closed to new signatures |
Key facts
Signatures
306
Status
Closed
Department
HM Treasury
Opened
5 Jan 2024
Closed
29 May 2024
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Source: the official petition page. Last checked 15 Jul 2026.