If your salary has gone up in the last few years but your life doesn't feel any richer – you're not imagining it. There's a tax that's been quietly applied to millions of UK workers since 2021, and by the time most people notice it, they've already handed over thousands of pounds they didn't have to. It's called fiscal drag – and in this video I want to show you exactly how it works, who it's hitting hardest, and the three practical things you can do right now to claw back as much of that money as possible.
OBR on extra tax gained by freezing thresholds
The post Fiscal Drag appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
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