Meanwhile, 500,000 low-income people are about to stop paying tax altogether, with the bottom limit changed from £6.5k to £7.5k.
The IFS estimates that the richest 10% of people will lose 3% of their net income from April 6, compared with a 1% loss for the population as a whole.
Those with the highest incomes have already been hit by the new 50% tax rate for people earning more than £150,000 and the loss of the personal tax allowance for those on more than £100,000.
* That's not including the tax-free allowance, but it still drops more people into paying higher-rate tax.
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