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'State pension tax trap': Around 820,000 pensioners set to pay income tax on pension alone within two years
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GB News
'State pension tax trap': Around 820,000 pensioners set to pay income tax on pension alone within two years
Around 820,000 pensioners are expected to become liable for income tax on their state pension alone within the next two years, according to new analysis.
The increase is being driven by rising state pension payments alongside frozen income tax thresholds, which have remained unchanged since the 2021/22 tax year.
Britain's 12 million pensioners could be affected as the full new state pension moves closer to exceedin…
14 Jul, 16:38