Suggestions

:speech_balloon:

Allow tax brackets to remain fixed despite inflation

Currently tax brackets are being automatically adjusted for inflation.

It would be great to have the option to have them fixed forever or have them move less that inflation

e.g current UK chancellor has fixed these from 2023 and 2025 meaning as wages grow more and more people will start paying tax or move into higher brackets.

Having them rise with inflation is just too optimistic and tax as such import impact on your financial goals.

Would rather have plans that are by default slightly pessimistic!

2 votes

Tagged as Suggestion

Suggested 15 September 2023 by user Michael Cox