Episode Details

A bold new tax proposal is stirring debate: the Intergenerational Foundation wants working pensioners to pay taxes like everyone else, arguing that if you’re still earning income, you should contribute fairly. Currently, anyone earning over £12,570—including State Pension income—could owe taxes, though those relying solely on their pension remain exempt. The government confirms it won’t tax basic or new State Pension recipients alone, even as pension amounts rise, and plans to simplify the process for them starting in 2028. More details are expected next year—retirees, watch your wallets.

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