PEOPLE DERIVING INCOME SOLELY FROM STATE PENSION WON’T BE TAXED, SAYS CHANCELLOR
https://i.guim.co.uk/img/media/f2f9599d15cc295c15a25418367cb77c148c6a83/809_0_4033_3225/master/4033.jpg?width=140&quality=85&auto=format&fit=max&s=c8305264c0c0b85981a3c044507bca76
✍️ Chancellor Rachel Reeves has announced that people relying solely on their state pension will not have to pay tax on it, creating a two-tier system for retirees.
👉 Pensioners relying solely on their state pension will not have to pay tax on it 👉 The new state pension is set to rise to £241.30 a week next April 👉 The freezing of tax thresholds means that some pensioners will face paying tax on their state pension 👉 The government has committed to 'ease the administrative burden' for pensioners 👉 Experts have raised concerns about the fairness of the new system
-- #RachelReeves #MartinLewis #SteveWebb #politics
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