UK pensioners have been issued with a £22 income tax alert. An increase in the state pension in line with the triple lock means Brits will find themselves a slither away from having to fork out cash for the Treasury. Yesterday, Rachel Reeves announced an extension to income tax thresholds in her Budget yesterday, meaning more pensioners face having to pay the levy due to so-called "fiscal drag" as more individuals enter higher brackets due to inflation.

John Chew, technical specialist in tax and estate planning at Canada Life, said: "The triple lock will trigger a 4.8% rise in the State Pension from April 2026 to £12,548, meaning pensioners will be just £22 away from the income tax cliff edge. With income tax thresholds now extended until 2031, this stealth tax will continue to bite

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