State pensioners ‘edging dangerously’ to tax squeeze, expert says

Mădălin Mihai

A combination of the Triple Lock guarantee and frozen personal allowance thresholds could see state pension payments triggering income tax bills for retirees from next April. Millions of people over the state pension age already have to pay HMRC but hundreds of thousands more could be passively dragged into taxable income thresholds. However, it may not be an unavoidable bill, as one money expert revealed how people nearing retirement age and those already receiving state pension could minimise

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