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Pensioners hit with £8bn tax bill after government freezes allowances
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Pensioners hit with £8bn tax bill after government freezes allowances
Pensioners paid some £8bn in extra tax last year after a freeze on personal allowances dragged people into higher bands, new figures have revealed. The amount of tax paid by people in retirement climbed from £21.1bn to £29.8bn, an increase of over 40 per cent in just two years, according to the latest pension participation [...]
30 Jul, 11:44
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