Petition · HM Treasury
Raise the Personal Allowance to £20K funded by a 2% tax on incomes over £100K
Open for signatures
21 signatures
What the petition asks
We believe this change could allow ordinary people to pay off their debt, save and invest more securely, spend more on holidays, retail, home improvements and services, and support local businesses and jobs.
By having more disposable income, people could reinvest it into the economy, and the benefits could ripple outward.
This proposal should be funded by those who can afford it. It could provide financial benefits that are brave and potentially revolutionary. Money would go back into the economy and could genuinely reward working. If the goal is to truly redistribute wealth and close the poverty gap, then we believe that such ideas should be considered.
This proposal should be funded by those who can afford it. It could provide financial benefits that are brave and potentially revolutionary. Money would go back into the economy and could genuinely reward working. If the goal is to truly redistribute wealth and close the poverty gap, then we believe that such ideas should be considered.
Timeline
| 20 Aug 2026 | Petition opened for signatures |
Key facts
Signatures
21
Status
Open for signatures
Department
HM Treasury
Opened
20 Aug 2026
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Source: the official petition page. Last checked 21 Aug 2026.