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State Pension Tax Shock Looms | Leeds News
Description
Pensioners brace for tax shock as state pension payouts creep dangerously close to the tax-free threshold—by 2027-2028, nearly 820,000 will owe tax just on their state pension. Blame the triple lock: it’s kept pensions steady while tax thresholds lagged. Experts warn of clear, fair reforms—not pitting generations against each other—and urge everyone to plan ahead. With state pension rules changing over time, building a private pension is no longer optional—it’s your best bet for financial security.
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