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Healey’s ‘bizarre’ pension tax shield to hit thousands of retirees with 53 per cent tax rate
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City AM
Healey’s ‘bizarre’ pension tax shield to hit thousands of retirees with 53 per cent tax rate
Hundreds of thousands of low-income pensioners are set to pay an effective 53 per cent tax rate on part of their retirement income, under new rules introduced by John Healey in his maiden Budget. The Chancellor confirmed he will shield low-income pensioners from income tax as the state pension is set to rise above the [...]
29 Oct, 11:11
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