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flag Up to 10 million UK pensioners may face income tax by 2030 due to frozen tax thresholds and rising pensions.

flag A new report warns that up to 10 million UK pensioners could face income tax by 2030 if the government maintains the current freeze on the personal income tax threshold. flag Rising state pensions due to the triple lock, combined with inflation, are pushing more retirees above the tax-free allowance. flag Currently, about 8.7 million pensioners pay tax, a number expected to grow significantly, especially as more receive the increased new state pension. flag Without adjustment, the tax threshold’s failure to keep pace with living costs could lead to widespread tax liabilities, even for those on fixed incomes.

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