State pensioners with just £597 extra income could face HMRC tax bills from April
State pensioners with as little as £597 in additional yearly income could face tax demands from HMRC from next month as higher pension payments edge closer to the tax free threshold. The full new state pension is due to increase to £11 973 per year from April under the Government s triple lock policy. The weekly payment currently stands at £230. 25 for those who reached state pension age after April 2016 and have sufficient National Insurance contributions. With the personal allowance frozen at
State pensioners with as little as £597 in additional yearly income could face tax demands from HMRC from next month as higher pension payments edge closer to the tax free threshold. The full new state pension is due to increase to £11 973 per year from April under the Government s triple lock policy. The weekly payment currently stands at £230. 25 for those who reached state pension age after April 2016 and have sufficient National Insurance contributions. With the personal allowance frozen at
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