Rachel Reeves has made a pledge to pensioners, pledging that those whose sole income comes from the state pension won't have to pay income tax on it this Parliament. The move was announced in last week's Budget to fix a looming problem, that the new state pension will soon exceed the £12,570 personal allowance. Unfortunately, I don't think she's thought it through, and neither do Express readers.
I've just received a letter from one saying Reeves has just opened a "can of worms", and in my view, they're correct. Things could turn very nasty indeed.
From April next year, those receiving the maximum new state pension will get £12,548, a mere £22 short of the allowance. A tiny bit of extra income would push them into tax territory.
From April 2027, the new state pension itself will rise

The Daily Express

Vogue Beauty
Raw Story
ABC News
Asheville Citizen Times
Cleveland 19 News
People Top Story
Slate Politics