Rachel Reeves' tax plans and rising pensioner tax bills

About 8.7 million people over state pension age now face bills from HMRC, roughly three-quarters of all pensioners, an increase of almost 30% in four years. The personal allowance remains £12,570 a year tax-free.

Around 8.7 million people over state pension age now face a bill from HMRC, which is reported as roughly three-quarters of all pensioners. That number is reported to have risen by almost 30% in four years. Commentators have pointed to frozen income tax thresholds as a contributing factor. The article also highlights legitimate, reported options for retirees to manage taxable income. Key points: - About 8.7 million people over state pension age face a bill from HMRC, roughly three-quarters of all pensioners. - That figure is reported as an increase of almost 30% in four years. - Helen Morrissey of Hargreaves Lansdown is cited saying frozen income tax thresholds have taken a toll. - The personal allowance is reported as £12,570 a year tax-free, and deferring the state pension is mentioned as one reported option. Summary: The rise in pensioner tax bills is linked in reporting to frozen income tax thresholds and affects a large share of older adults. Undetermined at this time.