What has changed
The state pension continues to rise under the triple lock, but with personal allowances frozen, more pensioners now find part of their pension is taxable.
Who it affects
Pensioners, especially those with income close to the personal allowance.
What you should do
Check your total income against the personal allowance, and plan other income sources to manage any tax on your pension.
Our view
More pensioners are quietly being drawn into paying tax. A quick review of total income can avoid surprises.
Common questions
Who does this affect?
Pensioners, especially those with income close to the personal allowance.
What should I do about it?
Check your total income against the personal allowance, and plan other income sources to manage any tax on your pension.
Can TaxTune help me with this?
Yes. Tell us your situation through the quote builder or book a free call, and we will explain exactly what it means for you and handle it if you would like.