![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/hundreds-of-thousands-of-higher-rate-tax-earners-hit-by-autumn-statement-rule-change/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/young-man-holding-pen-bills-772968596.jpg&description=A QUARTER of a million higher earners will be stung for more tax after Jeremy Hunt today dragged them into the 45p rate. From April, anyone earning more than £125,140 will pay the additional income rate - down from the current threshold of £150,000. Hundreds of thousands of higher earners will be stung for more taxCredit: Getty The raid on the rich is set to cost 246,000 workers around £580 extra per year as they're pulled from the 40p to 45p band. He told MPs: "Asking more from those who have more means that the first difficult decision I take on tax is to reduce the threshold at which the 45p rate becomes payable from £150,000 to £125,140. "Those earning £150,000 or more will pay just over £1200 more a year." It came in a gloomy Autumn Statement where the Chancellor drove up taxes and slashed spending in a scramble to balance the books. Along with the richest, millions of ordinary workers are being clobbered with stealth taxes as thresholds were frozen for another two years until 2028 - rather than rising with inflation. Mr Hunt said: "I am maintaining at current levels the income tax personal allowance, higher rate threshold, main national insurance thresholds and the inheritance tax thresholds for a further two years taking us to April 2028." Those earning the average salary of £33,000 this year will pay an extra £2,500 in tax by 2027 according to analysts AJ Bell. Read more on the Autumn Statement on the Sun's live blog And those earning £50,000 will pay an additional £6,500 income tax. Mr Hunt snared more people into the 45p rate just weeks after predecessor Kwasi Kwarteng had vowed to abolish it altogether in his doomed mini-Budget. But vowing to plug a £60billion black hole in the public purse, the new Chancellor said: 'The United Kingdom will always pay its way.' He said: 'There is a global energy crisis, a global inflation crisis and a global economic crisis. "But the British people are tough, inventive, and resourceful. We have risen to bigger challen){kind=link}
A QUARTER of a million higher earners will be stung for more tax after Jeremy Hunt today dragged them into the 45p rate.
From April, anyone earning more than £125,140 will pay the additional income rate – down from the current threshold of £150,000.
The raid on the rich is set to cost 246,000 workers around £580 extra per year as they’re pulled from the 40p to 45p band.
He told MPs: “Asking more from those who have more means that the first difficult decision I take on tax is to reduce the threshold at which the 45p rate becomes payable from £150,000 to £125,140.
“Those earning £150,000 or more will pay just over £1200 more a year.”