article_snippet: David Cameron announced last year that a future Conservative government would raise the threshold for paying 40p tax from £41,865 to £50,000 by 2020.
article_snippet: Senior Tories are pushing for the first significant rise in the threshold to be made next year if the party wins the election.
article_snippet: the Prime Minister said: ‘We will raise the threshold at which people start paying the 40p rate of tax.
article_snippet: That’s why we will move that threshold to £50,000 –
article_snippet: Mr Cameron (pictured during Mr Cameron ( trip to west London) also confirmed that the Tories will press ahead with plans to raise the starting threshold for paying income tax to £12,500 – an ambition shared by the Lib Dems .
article_snippet: Mr Cameron ( also confirmed that the Tories will press ahead with plans to raise the starting threshold for paying income tax to £12,500 – an ambition that is shared by the Lib Dems.
article_snippet: the starting threshold for paying income tax to £12,500 – an ambition that is shared by the Lib Dems is already due to rise to £10,500 next month, and Mr Osborne is expected to announce £10,500 will rise to £11,000 in the Budget.