article_snippet: Higher earners are to benefit from the first real terms rise in the 40p tax threshold for seven years.
article_snippet: The plans mean that the income at which the higher rate is payable will rise from £41,865 to £42,385 in April 2015, £42,700 in April 2016 and £43,300 in April 2017.
article_snippet: Mr Osborne also announced that, unlike in some previous years, higher-rate taxpayers will benefit in full from another planned increase in the personal allowance.
article_snippet: The Chancellor said the allowance – the starting point for paying income tax – would rise to £11,000 by 2017, from its planned level of £10,600 next month.
article_snippet: The decision to raise the personal allowance to £11,000 takes a big step towards Mr Cameron’s pledge to raise The decision to raise the personal allowance to £11,000 to £12,500 by 2020 if the Conservatives win the election.
article_snippet: From next month, workers can earn £10,600 before having to pay income tax.
article_snippet: The limit was set to rise to £10,800 but will now be increased further to £11,000.
article_snippet: The limit means lower earners like 33-year-old Mr Furbank, who makes £11,000 as a trainee public relations officer, will be lifted out of paying income tax altogether.
article_snippet: The raise in personal allowance will mean I get to keep more of what I earn
article_snippet: The higher personal allowance will give us more money to save, and the Isas for first-time buyers will give us a better way of saving.
highlights_snippet: Means income at which  higher rate is payable will rise to £42,385 in 2015, £42,700 in 2016 and £43,300 in April 2017 .
  