Get our best money saving tips and hacks by signing up to our newsletter<\/a><\/p>\nAnd over that time pension payments have gone up due to annual increases, pushing more seniors towards or over the \u00a312,570 limit.<\/p>\n
The new state pension is due to rise by at least another \u00a3299 from next April to \u00a312,272.<\/p>\n
And while it won’t be enough to take the state pension amount over the personal allowance yet, it will only take a small private pension or other small forms of income to do so.<\/p>\n
HMRC will then come calling for tax.<\/p>\n
Tax bands are currently due to stay frozen until 2028 and there is growing frustration among campaigners.<\/p>\n
Conservative leader Kemi Badenoch has accused Labour of placing a “retirement tax” on pensioners.<\/p>\n
She said recently: “Under Labour, millions of our poorest pensioners face being dragged into income tax for the first time ever.<\/p>\n
“Does the Prime Minister think it is right that struggling pensioners should face a retirement tax?”<\/p>\n
Keir Starmer said in response: “We will stick to our manifesto commitments, we will stick to our fiscal rules.<\/p>\n
“This is a language they (the Conservatives) don’t understand. That’s what got us into the problem in the first place.”<\/p>\n
Join our Free Money Saving WhatsApp community for the latest updates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"More pensioners facing tax warning due to ‘unfair’ policyMore pensioners are being forced to pay tax. Older people…\n","protected":false},"author":2,"featured_media":66564,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,61,2215,4176,2218,2053,5107,4174,4175,56,54,55,2932],"class_list":["post-66563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-conservative-party","tag-dwp","tag-finance","tag-hmrc","tag-labour-party","tag-pension","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-your-money"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/66563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=66563"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/66563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/66564"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=66563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=66563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=66563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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More pensioners are being forced to pay tax.<\/p>\n