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Minimum wage to exceed half the higher-rate tax threshold in 2026-27

Oct 31, 2026 10:04 (4h ago)

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John Healey announced a 3.9% increase in the minimum hourly rate for workers aged 21 or older.
£13.21 an hour will produce annual earnings above £25,700 against a £50,270 higher-rate threshold.
HMRC projects 7.7 million higher-rate taxpayers during the 2026-27 tax year.