More than nine million of the nation's 12.5million pensioners will pay income tax this year, with many paying for the first time as the state pension climbs while the personal allowance remains frozen at £12,570.
Others will pay as rising savings rates push their interest payments above the tax-free personal savings allowance.
This story is from the July 31, 2024 edition of Daily Express.
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This story is from the July 31, 2024 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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