Almost 4 million workers will be dragged into paying income tax by 2028

Taxpayers, million

New taxpayers brought into income tax

Existing taxpayers brought into higher-rate band

Existing taxpayers brought into additional-rate

band

4m

3

2

1

0

2023-24

24-25

25-26

26-27

27-28

28-29

New taxpayers brought into income tax

Existing taxpayers brought into higher-rate band

Existing taxpayers brought into additional-rate band

4m

3

2

1

0

2023-24

2024-25

2025-26

2026-27

2027-28

2028-29