Rachel Reeves is reportedly considering a rise in income tax at next month’s Budget – but is also mulling a cut to national insurance (NI). This is despite Labour’s 2024 general election manifesto ...
7don MSN
State pension rises push more pensioners towards paying tax as personal allowance stays frozen
The Triple Lock boost is helping incomes rise, but frozen tax thresholds mean some retirees could soon face a bill on their State Pension alone.
One million more pensioners will need to pay income tax in 2031, a new forecast suggests, due to successive freezes to tax thresholds. The number of pensioners paying income tax will rise by 600,000 ...
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