Personal Finance - Page 32

One million pensioners face unprecedented tax demands after being caught in a trap of frozen thresholds, bombshell figures reveal. Rachel Reeves’s decision to maintain the freeze on income tax bands has seen

Play Brightcove video The prime minister’s official spokesman said Starmer wanted the changes to be introduced “as quickly as possible”, as ITV News Political Correspondent Carl Dinnen explains Sir Keir Starmer has

Sir Keir Starmer told Prime Minister’s Questions that he understood the financial pressures on pensioners Neil Shaw Assistant Editor 12:15, 21 May 2025Updated 12:19, 21 May 2025 Prime Minister Keir Starmer Sir

Wednesday 21 May 2025 5:59 am  |  Updated:  Wednesday 21 May 2025 7:44 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share

The sharp rise reflects a wider trend of more people paying higher income tax, mainly due to the Government’s freeze on tax thresholds More than a million pensioners are now paying over

Anyone with a cash ISA faces having to close their account and ditch to a rival saving method, it has been warned, as the Labour Party Chancellor Rachel Reeves eyes a cut.

21 May 2025, 05:30 | Updated: 21 May 2025, 05:31 Britain’s Angela Rayner Deputy Leader of the Labour Party, left, and Britain’s Rachel Reeves, Shadow Chancellor of the Exchequer, right, at the

Two more Personal Finance Society (PFS) board members have resigned, citing concerns ‘concerns about the culture and independence’ of the body. Daniel Williams, an adviser at Hull-based Morgan Williams, joined the PFS

The DWP is changing two key state pension payment dates for pensioners this May with the second one happening this Friday, May 23. May has two bank holidays – the early May

Hundreds of thousands more pensioners will pay income tax on their retirement savings as a result of frozen tax bands and the state pension triple lock. HMRC identified 1.32 million pensioners as