Thousands of Older Britons Dragged into 62% Tax Trap – HMRC
The number of state pensioners facing a crippling 62 per cent marginal tax rate has more than doubled, as frozen tax thresholds push thousands of older Britons into higher tax bands. Official HMRC figures show that in 2024–25, around 77,000 pensioners earned between £100,000 and £125,140, the income range where personal allowance tapering creates an
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