Over eighty thousand Salford residents with low and middle incomes are benefitting from the biggest income tax cut in a generation.
The Conservative-led Government has committed to making the first £10,000 of income free from tax, in order to help hardworking people with the cost of living.
In 2010, the personal tax allowance for under 65s stood at £6,475. Over the past two years this has increased rapidly and in April this year was increased to £9,440. It will go up to £10,000 in April next year.
This change will benefit 37,005 taxpayers in the Worsley & Eccles South constituency, 39,026 in Salford and Eccles constituency, and 40,736 in the Blackley and Broughton constituency which is partly in Salford.
In total, over 80,000 Salford workers will benefit, and around 10,000 of the lowest paid Salford residents will be taken out of income tax altogether. A full-time worker on the minimum wage will have seen their income tax bill more than cut in half.
Cllr Iain Lindley, Deputy Chairman of Salford Conservatives, welcomed the news. He said:
“This is fantastic news for local residents across Salford – this tax cut means tax bills have been cut by £600 compared to at the last election, and £700 in total from next April. If you want to work hard and get on here in Salford, Conservatives are on your side, so you keep more of the money you have earned."