Macro Finance
Healey to shield low-income pensioners from income tax in the Budget
BBC Business·October 26, 2026·1 min read
Chancellor Healey plans to shield low-income pensioners from income tax in the upcoming Budget, according to a report. Changes are needed to prevent the full, flat-rate state pension from becoming liable for income tax after it rises in April. The move aims to protect pensioners on the lowest incomes from being dragged into taxation as the pension increases.
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