Number of pensioners paying higher rate of income tax DOUBLES as warning issued

A new Freedom of Information request by former pensions minister Sir Steve Webb reveals there are now over a million pensioners paying income tax at 40% or more

The number of pensioners paying the highest rates of income tax has doubled in the last five years as frozen thresholds drag more Brits into higher bands. The amount of pensioners paying income tax at 40 per cent or 45 per cent has surpassed one million this current tax year, according to a freedom of…

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