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The Latest Breaking News from the State Pension

Record 10.2 Million Over-65s Set to Pay UK Income Tax as Frozen Thresholds Bite

More retirees are becoming taxpayers as frozen allowances and rising pension income widen the UK's income tax net, HMRC projections show.

International Business Times UK

State Pension Is Just £22 Away From Triggering Income Tax for Millions of Pensioners

Rising State Pension payments are pushing UK pensioners closer to the income tax threshold. Here's a look at the impact of the frozen Personal Allowance and how to manage potential tax bills effectively.

International Business Times UK

Martin Lewis warns State Pension could face changes and why some pensioners may soon pay tax

Martin Lewis has raised fresh concerns about the future of the State Pension, suggesting that while it is unlikely to be scrapped altogether, changes could be

The Fashion Central

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State pension set to rise by more than £500 next year

Rise means the full state pension is likely to be liable for income tax by 2027

Evening Standard

Government payroll surges to record 4.04 million on NHS and civil service hiring spree

But state pensioners can look forward to £560 pay rise next April as wage growth stays above inflation

Evening Standard

Britain’s welfare bill to soar by £60bn over next four years as parties commit more money for pensioners

Pension commitments and a sickly population mean that by 2029 Britain’s welfare bill will be increasing by £20bn a year, analysis by Resolution Foundation predicts

The Independent UK

Jeremy Hunt shouldn’t cut National Insurance — he should scrap it entirely

City Voices: A single tax on income would be a much less deceptive way of raising revenue

Evening Standard

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Warning that next year's State Pension increase could 'see millions more retirees' forced to pay income tax

Finance experts warn many over retirement age face unexpected tax bill - and urge early action

Manchester Evening News

New State Pension annual pay rise next April could see millions of people in retirement paying tax

A freeze in the personal allowance at £12,570 is pushing more pensioners closer to the tax threshold.

Daily Record

New calls for State Pension Triple Lock review as sticky inflation could mean another bumper pay rise

Non-moving inflation could see annual State Pension payments increase to £11,448 next year.

Daily Record

People on full New State Pension could see weekly payments rise to £220 next year

Sticky inflation could also see Basic State Pension payments rise to £168 under the Triple Lock rule.

Daily Record

New State Pension payments may be less than older people retiring this year expect

Key facts about State Pension payments everyone nearing retirement age should know.

Daily Record

New State Pension payments may be less than older people retiring this year expect

New State Pension payments are worth more than £203 each week during the 2023/24 financial year.

Daily Record

DWP responds to calls for Basic State Pension increase for 9m people

Thousands of people backed a campaign calling for people on the Basic and New State Pension to be paid the same amount of money

Liverpool Echo

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Wales Online

State pension to rise to £815 this week but millions will miss out

The change follows a 10.1% increase in the State Pension

Nottingham Post

State pension £815 Easter Monday boost but some set to miss out

12.6 million people in the UK draw out a state pension

Daily Record

Plans to raise State Pension age to 68 earlier than scheduled reportedly put on hold by UK Government

There had been widespread reports the rise to 68 would be brought forward from 2044 to the late 2030s.

Daily Record

New State Pension payments may be less than older people retiring this year expect

Key facts about State Pension payments everyone nearing retirement age should know.

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People

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Organisations

Office for National Statistics

Resolution Foundation

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The Resolution Foundation

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