Will I be taxed on my state pension next year? What we know so far
The full new state pension is currently worth £12,547.60 a year - which is just below the £12,570 personal allowance
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Money
Levi Winchester Money Editor
The full new state pension is currently worth £12,547.60 a year - which is just below the £12,570 personal allowance
Will I be taxed on my state pension next year? What we know so far
The full new state pension is currently worth £12,547.60 a year - which is just below the £12,570 personal allowance
Comments
Money
Levi Winchester Money Editor

The full new state pension is currently worth £12,547.60 a year - this puts it just below the £12,570 personal allowance

A reader is worried about paying tax on their state pension next year

State pension will be dragged into tax bracket from next year due to 'fiscal drag'

The state pension is set to fall into a stealth tax trap next April. The full new state pension is currently £12,548 a year, but…

Experts say the difference could amount to hundreds of pounds and may put some people off deferring in the first place

The Government announced the new tax plans last year