What does the general election mean for my tax bill?
18/06/24
Visit our 2024 General Election hub for the latest insights and analysis: https://www.hl.co.uk/uk-general-elect...
Tax pledges in the general election campaign 2024: The Conservatives promise some tax cuts for pensioners and workers, while Labour plans to raise taxes for non-doms and private school parents. Both parties will keep the tax thresholds frozen, which will increase the tax burden for many people.
Tax planning strategies: Regardless of the election outcome, taxpayers should consider using tax-efficient vehicles like ISAs and pensions to reduce their tax bills.
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