HMRC update on 'adjusting' tax details for state pensioners
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HMRC has released a statement on imminent tax changes for state pensioners . The tax authority has explained how it will "adjust" a person's records as their payments change. State pension payments are due to rise by 4.8 percent in April, courtesy of the triple lock policy. This measure ensures payments increase in line with whichever is highest of 2.5 percent, the rise in average earnings or the rate of inflation. The Government website includes some guidance for taxpayers, reminding them that
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