Real-terms hit to Personal Allowance 2212-119.xlsx

	B	C	D	F	G	H	I	K	L	M	N	P	Q	S	T
1
2	Personal allowance, earnings and income tax paid
3	Real tearms figures are 2022/23 prices and calculated using CPI
4
5		Personal allowance		Mean earnings				Mean full-time earnings				Personal allowance as % of earnings1,2		Income tax paid (real terms)
6		£ cash	Real terms	Mean weekly earnings	Annualised	Mean weekly earnings (real terms)	Annualised (real terms)	Mean weekly earnings	Annualised	Mean weekly earnings (real terms)	Annualised (real terms)	Mean earnings	Mean full-time earnings	On mean earnings	On mean full-time earnings
7	2010/11	6,475	8,940	488	25,355	673	35,006	599	31,127	826	42,975	26%	21%	5,215	6,805
8	2011/12	7,475	9,895	487	25,334	645	33,535	603	31,351	798	41,499	30%	24%	4,730	6,320
9	2012/13	8,105	10,451	491	25,548	634	32,943	608	31,606	784	40,755	32%	26%	4,500	6,060
10	2013/14	9,440	11,899	501	26,068	632	32,857	620	32,250	782	40,650	36%	29%	4,190	5,750
11	2014/15	10,000	12,473	502	26,078	626	32,528	621	32,282	774	40,266	38%	31%	4,010	5,560
12	2015/16	10,600	13,208	507	26,374	632	32,864	627	32,604	781	40,627	40%	33%	3,930	5,485
13	2016/17	11,000	13,557	525	27,300	647	33,645	645	33,535	795	41,329	40%	33%	4,020	5,555
14	2017/18	11,500	13,783	538	27,971	645	33,525	661	34,377	792	41,203	41%	33%	3,950	5,485
15	2018/19	11,850	13,888	555	28,860	650	33,823	685	35,630	803	41,758	41%	33%	3,985	5,575
16	2019/20	12,500	14,399	572	29,728	659	34,246	703	36,577	810	42,135	42%	34%	3,970	5,545
17	2020/21	12,500	14,315	576	29,942	659	34,289	708	36,821	811	42,168	42%	34%	3,995	5,570
18	2021/22	12,570	13,843	596	31,013	657	34,153	727	37,783	800	41,609	41%	33%	4,060	5,555
19	2022/23	12,570	12,570	621	32,302	621	32,302	756	39,291	756	39,291	39%	32%	3,945	5,345
20	2023/24	12,570	11,920	…	34,054	…	32,292	…	41,422	…	39,279	37%	30%	4,075	5,470
21	2024/25	12,570	11,921	…	35,240	…	33,421	…	42,864	…	40,651	36%	29%	4,300	5,745
22	2025/26	12,570	12,042	…	35,808	…	34,306	…	43,556	…	41,728	35%	29%	4,455	5,935
23	2026/27	12,570	11,946	…	36,408	…	34,602	…	44,284	…	42,088	35%	28%	4,530	6,030
24	2027/28	12,570	11,730	…	37,186	…	34,702	…	45,231	…	42,210	34%	28%	4,595	6,095
25
26	Notes:
27	1 Earnings used are weekly earnings for April of each year. For instance, earnings reported as of April 2010 are used for 2010/11. Weekly earnings are multiplied by 52 to estimate annual earnings
28	2 Forecast earnings are based on OBR's forecast for average earnings growth.
29	Sources:
30	ONS. Annual Survey of Hours and Earnings [accessed using nomisweb]
31	OBR. Economic and fiscal outlook - November 2022, supplementary tables 1.6 & 1.7
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