Rachel Reeves' state pension tax pledge could leave millions of pensioners behind

1 sources1 storiesFirst seen 7/13/2026Score25Mixed Progress

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Chancellor Rachel Reeves has confirmed that pensioners whose only income comes from the state pension will not be required to pay income tax before the end of the decade.This is despite the rapid rise towards the frozen £12,570 personal allowance.Annual triple‑lock increases mean the full new state pension, paid to those who reached state pension age after April 2016, is expected to reach about £12,547.60 next year, leaving it just below the current tax threshold.After the April 2027 uprating, however, the full payment is widely expected to exceed the personal allowance, which under normal rules would make the income taxable.

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TRENDING Stories Videos Your Say Labour says pensioners who rely solely on the state pension will be protected from paying income tax once that happens.But pensions specialist Hannah Martin, founder of Rich Retiree, warned the policy risks creating disparities between different groups of retirees."It could indeed lead to unfairness between different groups," she...

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