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Martin Lewis on HMRC Income Tax - personal allowance and tax bands explained

The Money Saving Expert founder released a video discussing personal allowances and income tax before the new tax year.
The video explains personal allowances and tax, which are relevant to the upcoming tax year.
The standard Personal Allowance is £12,570, the amount you can earn tax-free, but this reduces for high earners.
The speaker said, "The first thing to say is, most people get a Personal Allowance," which is typically £12,570.
A petition to raise the HMRC personal allowance to £20,000 received over 230,000 signatures, though the Spring statement 2025 made no changes.

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Martin Lewis on HMRC Income Tax - personal allowance and tax bands explained

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