Personal allowance hike could impact auto-enrolment

Chancellor George Osborne announced in yesterday's Budget that the personal allowance will rise from £8,105 to £9,205 next April. The government aims to increase the income tax threshold to £10,000 before the next election, which was key Liberal Democrat policy goal. Osborne told the House of Commons: "We are in touching distance of the goal of a £10,000 personal allowance that we all share." However, PwC argued the move may have "unintended consequences" and create an additional burden for employers. The consultant said the current earnings threshold for auto-enrolment is £8,10...