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Laura Purkess
Verified
Consumer Features Editor, The Sun
Staines-upon-Thames, London
Beats
savings,Pensions property, money and consumer issues the economy, tax
anything that isn't tech (or otherwise geeky)
Content
Over 8 million state pensioners to be hit with new 'retirement tax' over next three years - and how to avoid
By Laura Purkess Verified| The Sun Verified MILLIONS of retirees are set to pay income tax on their pensions for the first time over the next three years, fresh figures show. In total, 8.2million people over the age of 60 will be dragged into paying income tax by 2027/28, according to analysis by HM Revenue & Customs (HMRC). And those are only some of the millions of households expected to have to start paying income tax as a result of the ongoing freeze to tax thresholds.
By Laura Purkess Verified| The Sun Verified MILLIONS of retirees will see a boost to their state pension payments on Monday following a rise to the annual figure last week. On April 6, the state pension rose by just over £470 per year from £11,502 to £11,976 for those on the full new state pension. That equates to a weekly rise from £221.20 a week to £230.31. A record 13million people will see the bumper rise to their income this year, according to the latest government figures.
Over 8 million state pensioners to be hit with new 'retirement tax' over next three years - and how to avoid
By Laura Purkess Verified| The Sun Verified MILLIONS of retirees are set to pay income tax on their pensions for the first time over the next three years, fresh figures show. In total, 8.2million people over the age of 60 will be dragged into paying income tax by 2027/28, according to analysis by HM Revenue & Customs (HMRC). And those are only some of the millions of households expected to have to start paying income tax as a result of the ongoing freeze to tax thresholds.
Company Info
The Sun
The Sun is a leading British daily tabloid newspaper, recognized as one of the largest-selling newspapers in the UK. It was first published on September 15, 1964, and transitioned to a tabloid format in November 1969 under Rupert Murdoch's ownership. The newspaper is headquartered in Wapping, London, and is owned by News Group Newspapers, a division of News UK, which is part of the global media conglomerate News Corp. The Sun offers a diverse range of content, including sensational news stories, show-business gossip, sports reporting, and lifestyle features. It has a strong digital presence, providing online versions of its print content along with exclusive features and news updates. The newspaper also publishes regional editions, such as The Scottish Sun and The Irish Sun, to cater to different markets within the UK and Ireland. Revenue is generated through advertising, newsstand sales, and digital subscriptions, making it a significant player in British media.
London, England, United Kingdom
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