PensionsAug 22 2024

One in five pensioners will be ‘dragged’ into higher tax payments

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One in five pensioners will be ‘dragged’ into higher tax payments
3.1mn pensioners could be at risk of paying more tax in the future (Photo: Matthew Lloyd/Bloomberg)

One in five pensioners will be “dragged” into paying higher or additional rate tax by the 2027/28 tax year due to the government’s frozen income tax thresholds.

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