Frozen Tax Thresholds Push Higher-Rate Taxpayers to 7.7m

Nearly one in five paying higher rate of tax after stealth hikes - how to cut what you pay

Impartial news & intelligent debate

7.2m paid higher rate tax this year with number up by 16%

standfirst: Frozen thresholds are carving out income with nearly 700,000 extra higher rate taxpayers in a single tax year, while top rate payers set to pass one million mark, offficial figures from HMRC showThe number of higher rate taxpayers is on track to hit 7.70m in the current tax year according to the latest HMRC figures released today, up from 7.29m in 2025-26, and a huge two million increase in just three years.Illustrating the stark imp…

Millions more workers pulled into higher tax bands

Marianna Hunt, Personal Finance Expert at Fidelity International comments on the latest income tax statistics from HMRC, with a huge increase in workers being pulled into higher tax bands as frozen thresholds reshape the UK tax landscape. These figures show just how dramatically the tax landscape has changed in recent years. The number of higher-rate taxpayers has risen from around 4.43 million in 2021/22 to a projected 7.7 million in 2026/27 – …

Frozen tax thresholds push higher-rate taxpayers to 7.7m

The number of higher-rate taxpayers is projected to reach 7.7 million by 2026/27 as frozen income tax thresholds continue to pull more people into higher tax bands, according to the latest HMRC Income Tax statistics.

More taxpayers set to be dragged into higher tax bands as frozen thresholds bite