Episode Details
Back to Episodes
Frozen Tax Allowance Hits Pensions | Sheffield News
Description
Your tax-free personal allowance is stuck at £12,570 — a figure that’s actually fallen behind inflation, costing you over £3,500 in lost tax-free income by 2026. The freeze, extended until April 2031, means more of your pension and earnings are being taxed — especially painful for retirees. Labour’s Andy Burnham says they’re “looking at” changes, but no promises yet. Time to plan ahead before your hard-earned cash keeps disappearing into the taxman’s pocket.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/2e0f1db115cdb5e1