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Saturday, September 5, 2026 · UTC
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Reform UK Promises to Raise Tax-Free Allowance to £15,000

Reform UK pledges to increase the tax-free personal allowance to £15,000 if elected.

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As of 2026-09-05 07:22 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Reform UK promised to increase the tax-free personal allowance to £15,000 if it wins the next general election. [1] Reform estimates that 2.9 million people would stop paying income tax altogether under the new policy. [2] Reform estimates the policy would cost £17.7bn in the first year and rise to £21bn by the fifth year. [3] Reform UK plans to raise the tax-free personal allowance from £12,570 to £15,000 in their first budget within the first hundred days of a Reform government. [4]
What this stands on
  1. Reform UK promised to increase the tax-free personal allowance to £15,000 if it wins the next general election. · BBC News
  2. Reform estimates that 2.9 million people would stop paying income tax altogether under the new policy. · BBC News
  3. Reform estimates the policy would cost £17.7bn in the first year and rise to £21bn by the fifth year. · BBC News
  4. Reform UK plans to raise the tax-free personal allowance from £12,570 to £15,000 in their first budget within the first hundred days of a Reform government. · Daily Express
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