Frozen Tax Allowance Hits Pensioners | Leeds News

The personal tax allowance, frozen since 2021, is forcing more people—especially pensioners—into income tax as inflation outpaces earnings. With the state pension soon exceeding the tax-free threshold, millions face unexpected tax bills. Experts warn that ignoring this growing gap risks widespread financial strain, and while raising the allowance for all would cost billions, targeted increases for pensioners could offer relief without massive spending. Inaction is already costing listeners dearly. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/85e51f046ec19a58