Pensioners warned state pension 'certain' to exceed tax threshold in near future

Contributing sentiments towards policy:

55% : The former Conservative Government froze the threshold until April 2028, rather than allowing it to rise with inflation and wage growth, meaning more people will go onto higher tax brackets.
52% : An April 2026 increase of 4.7%, followed by a further increase of (at least) 2.5%, would take the new state pension to at least £12,850 in April 2027 - above the expected level of the tax threshold.
51% : It is already the case that nearly three quarters of all pensioners pay income tax, and the ongoing freeze in tax thresholds coupled with steady rises in the pension will drag more and more into the tax net".
46% : For every £2 you earn over £100,000, you lose £1 of your tax-free Personal Allowance.

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