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More than 1M pensioners now in the top tax brackets
The number liable for 40 per cent higher rate tax has doubled to 977k over the past five years, while those paying the 45 per cent additional rate has trebled to 115k.
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independent.co.uk
Pensioners now need £64,000 more to retire than they did five years ago
Fiscal drag means more people are paying higher tax rates without necessarily being more well-off
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Why pensioners need £64,000 more to retire than they did in 2021
Jump to contentAllNewsSportCultureLifestyleMore than one million pensioners have been pushed into higher tax brackets due to fiscal drag (Lucy North/PA)Analysis shows that frozen…
