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Tax going up in April

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By *anforme OP   Man
5 weeks ago

notts

Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

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By *iscreetfun2024Man
5 weeks ago

belfast

Yet mps will get a raise no doubt

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By *ldmanMan
5 weeks ago

Rawcliffe Bridge.


"Yet mps will get a raise no doubt "

Yes.

Parliament will be bursting at the seams when they debate that, but when it's anything else, there's just a handful in there.

No doubt the "others" will be busy devising even more way to legally rob us!

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By *iggreenockMan
5 weeks ago

Greenock

We pay a fraction of the tax our parents did. It's a major factor contributing to our utterly broken state. Started with the f#£&!^& Tories way back in the witches time, and successive governments have been too frightened to raise it. If it actually fixed things I'd happily pay more.

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By *iggreenockMan
5 weeks ago

Greenock

To add I find taxing pensioners absolutely disgusting. It should be means tested. And taxing savings is fucking ridiculous. You work hard to save for your retirement to rely less on the state and they are taxing money you've already been taxed on.

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By *anforme OP   Man
5 weeks ago

notts

Exactly. I've worked hard to save up my small private pension to go alongside my state pension.

Now, have to pay tax again on it. Thought my retired years would be comfortable and it is but I have to watch every penny. Having to get the best deals every year for commodities etc is frustrating,tiresome and stressful

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By *rancd2TV/TS
5 weeks ago

Wolverhampton

I get it feels wrong to tax pensions, but if you’ve paid into a private pension, you have received tax breaks on those payments for as long as you’ve been paying in.

The pension pot is invariably has a higher value than the amount you have paid in, so there is free money in there.

Just because you have reached pension age, doesn’t mean that you have stopped using the ‘services’ paid for from taxes collected.

So to me it seems fair to be taxing pensions.

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By *xxkinkycoupleCouple (MM)
5 weeks ago

Alcester

But but but but…

How else are we going to pay the approximate 9.04 million people aged 16 to 64 in the UK that are economically inactive (representing 20.8%), many of whom enjoy handouts?

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By *ezzadMan
5 weeks ago

horncastle


"But but but but…

How else are we going to pay the approximate 9.04 million people aged 16 to 64 in the UK that are economically inactive (representing 20.8%), many of whom enjoy handouts?

"

Don’t pay the lazy f@&@kers: if they can’t be arsed to work let them starve.

I’ve worked since I was 18 despite ups and downs (which I was told happens in life so get on with it). These days there’s too many scroungers.

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By *evanianMan
5 weeks ago

Gogledd Ddwyrain Cymru

No surprise there with a Labour government in power!

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By *erscumdumpMan
5 weeks ago

Watford & Worth Matravers

Taxes will never be popular but to have the services we think we're entitled to everyone has to pay more.

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By *lexieMan
5 weeks ago

Just north of Southampton


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

Yup, me too... People who arrive at retirement age broke are better off than those that saved a little! What fools we were ; we should have just blown it as we earned it! As you say... come election time, it will be pay back time ^

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By *sal paulMan
5 weeks ago

frinton /walton area

What would happen if no one voted for any party would we sink into chaos and anarchy

Civil war maybe

Roundheads and cavaliers time again

Dissolve parliament

Every county become a commune lmao

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By *awihMan
5 weeks ago

Aldershot


"To add I find taxing pensioners absolutely disgusting. It should be means tested. And taxing savings is fucking ridiculous. You work hard to save for your retirement to rely less on the state and they are taxing money you've already been taxed on. "

We all get “Personal Allowances” which is income that is free from tax, what is disgustingly is the way that the main one has been frozen dragging more people on lower incomes into paying tax.

As for taxing Savings, they don’t, they tax the interest earned on the savings, again there is an allowance that is tax free (currently £1k) and if you put that money into an ISA (up to the limit) all the interest or growth for stocks and shares is free from tax. You also get a “Capital Gains” allowance for investments outside of an ISA (the Tories did cut the CGT allowance and the interest free dividend allowance). Also if you want some extra income, you can rent a room under the rent a room scheme that allows you to receive up to £7.5k per year tax free.

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By *ust4inchesMan
5 weeks ago

Shrewsbury


"To add I find taxing pensioners absolutely disgusting. It should be means tested. And taxing savings is fucking ridiculous. You work hard to save for your retirement to rely less on the state and they are taxing money you've already been taxed on. "

Savings are NOT taxed.

Interest earned is taxed although you can earn £1000 in interest tax free. Interest earned in an ISA is tax free.

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By *awihMan
5 weeks ago

Aldershot


"No surprise there with a Labour government in power!"

Well after the amount of national debt the Tories ran up, WHOEVER won the last election would have had to do something that was going to upset everyone, be that raising taxes, or cutting spending (and the service the spending funds). Servicing the interest on the National Debt alone takes a great chunk out of the taxes raised.

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By *onna AmourTV/TS
5 weeks ago

Preston

Is that because of the increase in the state pension that pushes you further over the Tax Allowance??

Wouldn't worry about MPs its the Billionaires and Multinational Companies that are the real problem.

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By *awsMan
5 weeks ago

Portsmouth


"No surprise there with a Labour government in power!

Well after the amount of national debt the Tories ran up, WHOEVER won the last election would have had to do something that was going to upset everyone, be that raising taxes, or cutting spending (and the service the spending funds). Servicing the interest on the National Debt alone takes a great chunk out of the taxes raised."

You conveniently seem to forget the debt Mr Gordon (banish boom & bust)Brown of the Liebour Government left the country in!

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By *awihMan
5 weeks ago

Aldershot


"No surprise there with a Labour government in power!

Well after the amount of national debt the Tories ran up, WHOEVER won the last election would have had to do something that was going to upset everyone, be that raising taxes, or cutting spending (and the service the spending funds). Servicing the interest on the National Debt alone takes a great chunk out of the taxes raised.

You conveniently seem to forget the debt Mr Gordon (banish boom & bust)Brown of the Liebour Government left the country in!"

No, after bailing out the banks the national debt was about £1tn, and that was done to prevent the financial system crashing thanks to the worthless US debt that was sold around the world which lead to the global financial crisis.

The tories then sold off the holdings in those banks at a loss. When they lost government at the last election they had run the national debt up to just over £3tn. Yes they had to deal with Covid, but they squandered so much money during Covid on useless PPE and Fraud with the Business loan scheme (to name just two things) due to insufficient controls it was beyond belief.

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By *anforme OP   Man
5 weeks ago

notts


"Is that because of the increase in the state pension that pushes you further over the Tax Allowance??

Wouldn't worry about MPs its the Billionaires and Multinational Companies that are the real problem. "

Yes. It's because the increase in state pension in my case. So. Now a bigger amount will be taken from my small fixed private pension. If it keeps happening there won't be much private pension left.

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By *om_essexMan
5 weeks ago

Chelmsford

They take 1000 more tax from uou znd distribute it amongst 4 of the great unwashed. Lose one vote gain 4. Thats the game

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By *arleyBearMan
5 weeks ago

chester

Personally I think that I am lucky to earn enough to pay tax. As someone who paid into a private pension I saved a load of tax on my salary it’s the fiscal drag that is costing us all money. Pensioners should pay their way same as everyone else.

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By *ornybisubslutMan
5 weeks ago

Coventry

I don’t have much sympathy. You have earned over 12k before you pay tax, you have the triple lock, you had affordable housing. You had it pretty good.

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By *nderfaceMan
5 weeks ago

mallow

Friend of mine retired last year.small company pension along with his old age one. Paid no tax.

Then a €10 rise in state pension this year and he now pays €25 tax weekly.

He always said that revenue ran the country.he could be right!!

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By *aturistnudeMan
5 weeks ago

Hoylake Wirral

Reduced state pension

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By *sal paulMan
5 weeks ago

frinton /walton area

Saying is better the devil you know then the devil you don’t

People have payed the price for voting

But then again they all the same lies lies lies

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By *ames TownMan
5 weeks ago

Bingley


"But but but but…

How else are we going to pay the approximate 9.04 million people aged 16 to 64 in the UK that are economically inactive (representing 20.8%), many of whom enjoy handouts?

Don’t pay the lazy f@&@kers: if they can’t be arsed to work let them starve.

I’ve worked since I was 18 despite ups and downs (which I was told happens in life so get on with it). These days there’s too many scroungers."

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By *airyDivDadMan
5 weeks ago

Whiston


"No surprise there with a Labour government in power!

Well after the amount of national debt the Tories ran up, WHOEVER won the last election would have had to do something that was going to upset everyone, be that raising taxes, or cutting spending (and the service the spending funds). Servicing the interest on the National Debt alone takes a great chunk out of the taxes raised.

You conveniently seem to forget the debt Mr Gordon (banish boom & bust)Brown of the Liebour Government left the country in!

No, after bailing out the banks the national debt was about £1tn, and that was done to prevent the financial system crashing thanks to the worthless US debt that was sold around the world which lead to the global financial crisis.

The tories then sold off the holdings in those banks at a loss. When they lost government at the last election they had run the national debt up to just over £3tn. Yes they had to deal with Covid, but they squandered so much money during Covid on useless PPE and Fraud with the Business loan scheme (to name just two things) due to insufficient controls it was beyond belief."

You'll never get anywhere on here citing pesky things like facts.

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By *airyDivDadMan
5 weeks ago

Whiston


"Is that because of the increase in the state pension that pushes you further over the Tax Allowance??

Wouldn't worry about MPs its the Billionaires and Multinational Companies that are the real problem.

Yes. It's because the increase in state pension in my case. So. Now a bigger amount will be taken from my small fixed private pension. If it keeps happening there won't be much private pension left. "

Thats pretty perverse economics - you're complaining that one pension goes up by (say) £10 which results in a tax increase on the other of £2. It's perfectly rational.

I'm a pensioner myself but neither my occupational pension nor my soon to be paid State pension miraculously absolve me of the tax obligations I had when I was working, as some here seem to think it should.

On a more general note to others - don't bleat on about the State Pension suddenly being 'taxable'. It's ALWAYS been taxable. It's the relationship with the Personal Allowance that's (subtly) changed.

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By *orefunnowMan
5 weeks ago

Belfast


"We pay a fraction of the tax our parents did. It's a major factor contributing to our utterly broken state. Started with the f#£&!^& Tories way back in the witches time, and successive governments have been too frightened to raise it. If it actually fixed things I'd happily pay more. "

This is untrue. The percentage of GDP paid in taxes in the UK is now higher than it was in 1982.

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By *ngel50TV/TS
5 weeks ago

Kinross


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

THINK YOURSELF LUCKY YOU DON'T LIVE IN SCOTLAND

Scottish Income Tax Bands (2025–2026)

Personal Allowance: Up to £12,570 (usually).

Starter Rate (19%): £12,571 to £15,397.

Basic Rate (20%): £15,398 to £27,491.

Intermediate Rate (21%): £27,492 to £43,662.

Higher Rate (42%): £43,663 to £75,000.

Advanced Rate (45%): £75,001 to £125,140.

Top Rate (48%): Above £125,140.

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By *ngel50TV/TS
5 weeks ago

Kinross


"I don’t have much sympathy. You have earned over 12k before you pay tax, you have the triple lock, you had affordable housing. You had it pretty good.

"

Stop being a cry-baby

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By *isa c 64TV/TS
5 weeks ago

maidstone

Everything going up except pay enough pay to for it all

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By *idingcockMan
5 weeks ago

Driffield

The freeze in the personal allowance which the Tories introduced and then Labour have continued means that more pensioners are being brought into paying tax. The economists’ term is ‘fiscal drag’. The triple lock on your state pension means that each April more of your private pension will be taxed and in fact they will eventually collect tax due on your state pension as it breaches the personal allowance from your private pension. The state pension is always paid without tax deducted so if a portion of it becomes taxable HMRC will collect the tax from other sources of income.

Farage said he’d increase the personal allowance to £20k but he’s since U turned on that as it would have cost c. £60 billion.

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

THINK YOURSELF LUCKY YOU DON'T LIVE IN SCOTLAND

Scottish Income Tax Bands (2025–2026)

Personal Allowance: Up to £12,570 (usually).

Starter Rate (19%): £12,571 to £15,397.

Basic Rate (20%): £15,398 to £27,491.

Intermediate Rate (21%): £27,492 to £43,662.

Higher Rate (42%): £43,663 to £75,000.

Advanced Rate (45%): £75,001 to £125,140.

Top Rate (48%): Above £125,140. "

Sounds a good deal. Lol

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By *anforme OP   Man
5 weeks ago

notts


"The freeze in the personal allowance which the Tories introduced and then Labour have continued means that more pensioners are being brought into paying tax. The economists’ term is ‘fiscal drag’. The triple lock on your state pension means that each April more of your private pension will be taxed and in fact they will eventually collect tax due on your state pension as it breaches the personal allowance from your private pension. The state pension is always paid without tax deducted so if a portion of it becomes taxable HMRC will collect the tax from other sources of income.

"

Thank you for your sensible and non judgemental post.

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By *hewholewayTV/TS
5 weeks ago

Wirral


"Exactly. I've worked hard to save up my small private pension to go alongside my state pension.

Now, have to pay tax again on it. Thought my retired years would be comfortable and it is but I have to watch every penny. Having to get the best deals every year for commodities etc is frustrating,tiresome and stressful "

You didn’t pay tax on your savings they were tax exempt. Also all the profits made to increase these were also tax free, now you’re drawing down on those tax free savings and you should pay tax it’s fair. If you had had an ISA or any other savings you would have paid tax on those before you put them into a savings pot so they would be tax free. By the way I’m a pensioner and happy to pay my contribution, and yes as the person below has said, taxes before Thatcher were much higher.

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By *hewholewayTV/TS
5 weeks ago

Wirral


"I get it feels wrong to tax pensions, but if you’ve paid into a private pension, you have received tax breaks on those payments for as long as you’ve been paying in.

The pension pot is invariably has a higher value than the amount you have paid in, so there is free money in there.

Just because you have reached pension age, doesn’t mean that you have stopped using the ‘services’ paid for from taxes collected.

So to me it seems fair to be taxing pensions."

Exactly

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By *ellwellMan
5 weeks ago

aylesbury

ISA limits are generous - how many could contribute more than £20,000 in a year? Those savings would not see interest taxed.

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By *hewholewayTV/TS
5 weeks ago

Wirral

Quick question

If every country in the world is in debt and has a national deficit, who is the person with all the money lending it to these countries and making profits by charging interest?

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By *cunnySucker69Man
5 weeks ago

Scunthorpe

Years ago there used to be an age alliance which was added to personal allowances, I think we should have that again as a state pension will use up personal allowances and anyone with a private pension will pay tax

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By *evanianMan
5 weeks ago

Gogledd Ddwyrain Cymru


"No surprise there with a Labour government in power!

Well after the amount of national debt the Tories ran up, WHOEVER won the last election would have had to do something that was going to upset everyone, be that raising taxes, or cutting spending (and the service the spending funds). Servicing the interest on the National Debt alone takes a great chunk out of the taxes raised.

You conveniently seem to forget the debt Mr Gordon (banish boom & bust)Brown of the Liebour Government left the country in!"

As ever the blinkered Left always forget their gross blunders of their previous times in office.

The claim that tax rises were unavoidable is of course completely erroneous!! The government gets some debt interest back via the Bank of England, and economic growth would help with debt. With a £30.4 billion tax surplus in January 2026, it seems tax rises are a choice, not a must!

This government's decision is to raise taxes rather than cut spending or boost growth, it's a long standing political preference of every Labour government in history!! Yet the Left blame the Tories as ever!

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By *WB and NSAMan
5 weeks ago

London

[Removed by poster at 25/02/26 16:04:25]

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By *WB and NSAMan
5 weeks ago

London


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

I am not aware of income tax increases in April 2026. Your tax code is not an indication of increases in income taxes but and increase in your personal incomes over the taxable thresholds or you underpaid tax in the last tax year.

Basic Rate

£12,571 – £50,270 - 20%

Higher Rate

£50,271 – £125,140 - 40%

Additional Rate - Over £125,140

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

I am not aware of income tax increases in April 2026. Your tax code is not an indication of increases in income taxes but and increase in your personal incomes over the taxable thresholds or you underpaid tax in the last tax year.

Basic Rate

£12,571 – £50,270 - 20%

Higher Rate

£50,271 – £125,140 - 40%

Additional Rate - Over £125,140

"

Yes. I'm well aware of that. I didn't say I was paying an income tax increase. Just extra tax on my private pension.Thank you.

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By *WB and NSAMan
5 weeks ago

London

[Removed by poster at 25/02/26 16:21:54]

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By *WB and NSAMan
5 weeks ago

London


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

I am not aware of income tax increases in April 2026. Your tax code is not an indication of increases in income taxes but and increase in your personal incomes over the taxable thresholds or you underpaid tax in the last tax year.

Basic Rate

£12,571 – £50,270 - 20%

Higher Rate

£50,271 – £125,140 - 40%

Additional Rate - Over £125,140

Yes. I'm well aware of that. I didn't say I was paying an income tax increase. Just extra tax on my private pension.Thank you. "

The title of you post: “Tax going up in April”

So what you are saying to most of us poor folks on here; you are a higher rate tax payer, your income band is £50,271 – £125,140!

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By *WB and NSAMan
5 weeks ago

London


"Something has to pay for the cunts coming over on the boats"

Here goes the racist!!!

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By *opcock58Man
5 weeks ago

Helston


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

You forgot to mention your state pension is going up aswell. Just saying.

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By *anforme OP   Man
5 weeks ago

notts

[Removed by poster at 25/02/26 16:40:06]

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

You forgot to mention your state pension is going up aswell. Just saying."

Everybody's state pension is going up.

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

I am not aware of income tax increases in April 2026. Your tax code is not an indication of increases in income taxes but and increase in your personal incomes over the taxable thresholds or you underpaid tax in the last tax year.

Basic Rate

£12,571 – £50,270 - 20%

Higher Rate

£50,271 – £125,140 - 40%

Additional Rate - Over £125,140

Yes. I'm well aware of that. I didn't say I was paying an income tax increase. Just extra tax on my private pension.Thank you.

The title of you post: “Tax going up in April”

So what you are saying to most of us poor folks on here; you are a higher rate tax payer, your income band is £50,271 – £125,140!"

No, I'm not. Just slightly over the threshold

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

I am not aware of income tax increases in April 2026. Your tax code is not an indication of increases in income taxes but and increase in your personal incomes over the taxable thresholds or you underpaid tax in the last tax year.

Basic Rate

£12,571 – £50,270 - 20%

Higher Rate

£50,271 – £125,140 - 40%

Additional Rate - Over £125,140

Yes. I'm well aware of that. I didn't say I was paying an income tax increase. Just extra tax on my private pension.Thank you.

The title of you post: “Tax going up in April”

So what you are saying to most of us poor folks on here; you are a higher rate tax payer, your income band is £50,271 – £125,140!"

No, I'm not it's just slightly over the lowest threshold income band. .

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By *ever5512Man
5 weeks ago

beecles

Labour says it all

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By *luvnylonstockingsTV/TS
5 weeks ago

portsmouth


"I don’t have much sympathy. You have earned over 12k before you pay tax, you have the triple lock, you had affordable housing. You had it pretty good.

"

But did they ,in the 80,s morgage rates were 16% etc so i think to get tgere housing they paid enough .

If youve paid in for over 50years,i think youve earned the right to stop paying and pass on the batton .

Lower the benifits and pay more into services .

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By *amie2018cMan
5 weeks ago

north cambs

+ Sky and EE

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By *arleyBearMan
5 weeks ago

chester


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p.

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p. "

I'm not earning anything. My state pension rise in April alongside my small pension takes me slightly over the threshold so I'll be paying tax on that as I explained earlier. I'm aware this is for everyone and accept this .

The reason is because the threshold is static at the moment.

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By *ffsideMan
5 weeks ago

liverpool


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

Cant be that small if u are paying tax.

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By *om_essexMan
5 weeks ago

Chelmsford


"Something has to pay for the cunts coming over on the boats"

Stop the Boats !

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By *luvnylonstockingsTV/TS
5 weeks ago

portsmouth

Why should someone whos retired and saved pay for someone who hasnt worked or paid in .

Simple .

Benifits were designed as a short term safety net not a career.

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By *astersteve906Man
5 weeks ago

Near Lutterworth


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

And when the next election comes I wonder if you will remember who fixed the rate of personal allowance, Rishi Sunak!

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By *ob64Man
5 weeks ago

edinburgh


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

Then your small private pension must have gone up and net effect overall is an increase in your income

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By *ob64Man
5 weeks ago

edinburgh


"Why should someone whos retired and saved pay for someone who hasnt worked or paid in .

Simple .

Benifits were designed as a short term safety net not a career."

Tax benefits were applied when saving into pension . Only fair it is taxed on the way out .

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By *tar33Man
5 weeks ago

North London (outer)


"Yet mps will get a raise no doubt "

Why shouldn't they?

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By *tar33Man
5 weeks ago

North London (outer)


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p. "

You don't become a higher tax rate payer by luck, some of worked hard and smart in order to earn a higher income.

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

Then your small private pension must have gone up and net effect overall is an increase in your income "

No, it's fixed. It's the state pension rise that's going up.

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By *egetiusMan
5 weeks ago

Norwich


"I'll remember all this at the next election. "

Why? Have any other parties pledged to reverse the changes? I didn’t think so. They all want your money, and once they’ve got it it’s never coming back.

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By *anforme OP   Man
5 weeks ago

notts


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

Cant be that small if u are paying tax.

"

Makes me laugh at some of the replies. It is small.

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By *avewill1Man
5 weeks ago

melksham


"I get it feels wrong to tax pensions, but if you’ve paid into a private pension, you have received tax breaks on those payments for as long as you’ve been paying in.

The pension pot is invariably has a higher value than the amount you have paid in, so there is free money in there.

Just because you have reached pension age, doesn’t mean that you have stopped using the ‘services’ paid for from taxes collected.

So to me it seems fair to be taxing pensions."

. What an unbelievable remark. All that pension paid in over the years has occurred interest. How much you get back depends on how long you live. There is no government hand out on early death

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By *tar33Man
5 weeks ago

North London (outer)


"Yet mps will get a raise no doubt

Why shouldn't they?

Because they are shit and can't get anything right, they don't care about Brits and put the illegal scum first maybe 😂"

Barking at the moon again with no grip on reality, like many of the other far-right flag shaggers. I've worked with several MPs on various projects over the years, in fact I went to school with a former minister. If anything they're very much underpaid.

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By *ngel50TV/TS
5 weeks ago

Kinross

Wish my income was taxed at English tax rates.

You would get a shock if you lived in Scotland

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By *opcock58Man
5 weeks ago

Helston

Just a little thing to think about before you buy an annuity.

While and annuity will pay you a fixed fee for the rest of your life (which will de value due to inflation) if you fall off your perch early all that money is gone! Not that it affects you obviously but may have an effect on you wife/partner or children.

Just food for thought.

I have mine in a drawdown pot that's doing quite well recently and if I die next week my wife gets all the balance tax free until I'm 75. After that it's taxable.

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By *illmymouth300Man
5 weeks ago

fleckney

Countries run on taxes. Seems people want everything for nothing

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By *awsMan
5 weeks ago

Portsmouth


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p. "

Really! Lucky FFS. I work for 4 months of the year for the government so they can pay useless lazy parasites benefits so they cant sit on their fat arses all day.

How about taxing any of these waste of spaces who are on more than £12,700.00 like everyone else.

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By *awsMan
5 weeks ago

Portsmouth


"Something has to pay for the cunts coming over on the boats

Here goes the racist!!! "

Here we go! Straight out of the deluded lefty play book. Come on then, explore to us all in the forum how the statement about c*unts coming over on boats is racist!

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By *WB and NSAMan
5 weeks ago

London


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p.

Really! Lucky FFS. I work for 4 months of the year for the government so they can pay useless lazy parasites benefits so they cant sit on their fat arses all day.

How about taxing any of these waste of spaces who are on more than £12,700.00 like everyone else.

"

To make such a sweeping strong statement; “useless lazy parasites”.

I do hope you don’t fall ill or in a position where you need to access benefits.

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By *awsMan
5 weeks ago

Portsmouth


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p.

Really! Lucky FFS. I work for 4 months of the year for the government so they can pay useless lazy parasites benefits so they cant sit on their fat arses all day.

How about taxing any of these waste of spaces who are on more than £12,700.00 like everyone else.

To make such a sweeping strong statement; “useless lazy parasites”.

I do hope you don’t fall ill or in a position where you need to access benefits.

"

You must be joking! Because I have worked all my life, paid tax and national insurance, and been sensible with money like the majority of people, I will get fuck all help from the government if I need it.

If I had kids I would tell them not to bother working, don’t save or invest money, contribute nothing to society and just scrounge off the state because you will be much better off in the long run.

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By *rancd2TV/TS
5 weeks ago

Wolverhampton


"I get it feels wrong to tax pensions, but if you’ve paid into a private pension, you have received tax breaks on those payments for as long as you’ve been paying in.

The pension pot is invariably has a higher value than the amount you have paid in, so there is free money in there.

Just because you have reached pension age, doesn’t mean that you have stopped using the ‘services’ paid for from taxes collected.

So to me it seems fair to be taxing pensions..

What an unbelievable remark. All that pension paid in over the years has occurred interest. How much you get back depends on how long you live. There is no government hand out on early death"

Why is it unbelievable. It’s just straightforward thinking.

It’s not just interest. Pension pots are invested and ususlly earn at better rates than bank interest.

Also employers often pay into pension pots on top of the employee contribution. That’s all free money that the pensioner has never been taxed on.

Pensioners use services that are paid for from tax so they should contribute for them.

I will be getting my pension in a few years and fully expect to be taxed on it. I’ve had the tax breaks etc from paying in, and it’s worth far more than I paid in, so of course it should be taxed.

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By *manMan
5 weeks ago

wiltshire near stapleford


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p.

Really! Lucky FFS. I work for 4 months of the year for the government so they can pay useless lazy parasites benefits so they cant sit on their fat arses all day.

How about taxing any of these waste of spaces who are on more than £12,700.00 like everyone else.

To make such a sweeping strong statement; “useless lazy parasites”.

I do hope you don’t fall ill or in a position where you need to access benefits.

You must be joking! Because I have worked all my life, paid tax and national insurance, and been sensible with money like the majority of people, I will get fuck all help from the government if I need it.

If I had kids I would tell them not to bother working, don’t save or invest money, contribute nothing to society and just scrounge off the state because you will be much better off in the long run. "

Good job that you haven't got kids then. My wife's retired and pays income tax, not happy about it, but it's a small amount. I'm disabled and can't work anymore, we have enough money to live on. Plus still got my pension pot to look forward to. And I know I'll be paying tax as well

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By *awsMan
5 weeks ago

Portsmouth


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election.

The reason is you are earning more and like most people on here you pay Tax on your income. Don’t forget you are only paying 20pence in the Pound unless you are really lucky and pay 40p.

Really! Lucky FFS. I work for 4 months of the year for the government so they can pay useless lazy parasites benefits so they cant sit on their fat arses all day.

How about taxing any of these waste of spaces who are on more than £12,700.00 like everyone else.

To make such a sweeping strong statement; “useless lazy parasites”.

I do hope you don’t fall ill or in a position where you need to access benefits.

You must be joking! Because I have worked all my life, paid tax and national insurance, and been sensible with money like the majority of people, I will get fuck all help from the government if I need it.

If I had kids I would tell them not to bother working, don’t save or invest money, contribute nothing to society and just scrounge off the state because you will be much better off in the long run.

Good job that you haven't got kids then. My wife's retired and pays income tax, not happy about it, but it's a small amount. I'm disabled and can't work anymore, we have enough money to live on. Plus still got my pension pot to look forward to. And I know I'll be paying tax as well "

Believe me, I’ve paid more than my fair share into the benefits pot,but I’ll be lucky if there is still a state pension when I get to retire! so you both go ahead and enjoy your retirement whilst I carrying on working hard👍

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By *manMan
5 weeks ago

wiltshire near stapleford

I will thanks 👍

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By *idower67400Man
5 weeks ago

norwich


"They take 1000 more tax from uou znd distribute it amongst 4 of the great unwashed. Lose one vote gain 4. Thats the game"

Spot on.

Take from the Industrious to give to the Workshy.

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By *erasusMan
5 weeks ago

Glasgow

There’s a lot of nonsense about!

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By *opcock58Man
5 weeks ago

Helston

I must admit I feel much better about all the tax and national insurance I have payed through my working life of 50 years now that the pension lands in my bank each month. Big thanks to all the people still paying taxes to look after me.

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By *urvMan
5 weeks ago

christchurch Dorset

Every fucking thing is going up apart from my cock 🥲

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By *ressmesissyTV/TS
5 weeks ago

Basingstoke

Make the system simpler, less loopholes and make the super rich pay their fare share. And if the c***s whine and talk about leaving let them

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By *alkingbootsMan
5 weeks ago

cavan

I’m going to be paying £7.50 out of my state pension come April and I’m not sure how much from a small private pension, got to chase that up

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By *opcock58Man
5 weeks ago

Helston


"I’m going to be paying £7.50 out of my state pension come April and I’m not sure how much from a small private pension, got to chase that up"

It's not rocket science. Just add up all your yearly income. Anything over the tax threshold you pay 20% tax on it. Or just fill in a self assessment online and it will do it for you.

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By *idingcockMan
5 weeks ago

Driffield

There is a charity that helps older people with their tax affairs if they’re earning less than I think £25k and over 60. Tax Help for Older People. They can help you with any difficulties with HMRC.

https://taxvol.org.uk/

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By *oath 555Man
5 weeks ago

Cardiff


"Had letter today stating my new tax code. More tax will now be taken from my small private pension. Oh well, what can you do. I'll remember all this at the next election. "

Babe. When hasn't it!

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By *xtraoneMan
5 weeks ago

Gloucester

I only receive a state pension and I've pay tax on it I received a simple assesment from HMRC last November and paid £250 last month for the tax year but I've still got more disposable income than many of my younger friends.

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By *oath 555Man
5 weeks ago

Cardiff


"I only receive a state pension and I've pay tax on it I received a simple assesment from HMRC last November and paid £250 last month for the tax year but I've still got more disposable income than many of my younger friends. "

If you pay tax on a pension your doing well. Dry eyes here

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By *oath 555Man
5 weeks ago

Cardiff

If you pay tax your on more than state pension

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By *utcock61Man
5 weeks ago

glasgow

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By *ishop666Man
5 weeks ago

ls19

No tax for me

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By *oath 555Man
5 weeks ago

Cardiff

You also had free education, low house prices compared with income.

So you are part of the luckiest generation!!

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By *xtraoneMan
5 weeks ago

Gloucester


"I only receive a state pension and I've pay tax on it I received a simple assesment from HMRC last November and paid £250 last month for the tax year but I've still got more disposable income than many of my younger friends

If you pay tax on a pension your doing well. Dry eyes here "

I'm not complaining I'm living quite comfortably no need for anyone to shed a tear.

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By *xtraoneMan
4 weeks ago

Gloucester


"If you pay tax your on more than state pension "

Wrong

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By *oath 555Man
4 weeks ago

Cardiff


"If you pay tax your on more than state pension

Wrong "

Star pension is about 11k no one pays on income under 12k

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By *xtraoneMan
4 weeks ago

Gloucester

Standard state pension maybe, I've paid national insurance since I was 16 also get extra from my late wife who died before her pension age, you're quoting the minimum pension.

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By *oath 555Man
4 weeks ago

Cardiff


"Standard state pension maybe, I've paid national insurance since I was 16 also get extra from my late wife who died before her pension age, you're quoting the minimum pension. "

That's state pension 11k a year so long as you've paid ALL your contribution.

So as you say yourself your on more than 11k due to your wife's pension.

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By *amarinMan
4 weeks ago

St Helens

People complaining about taxes and seeking to avoid them are traitors, not patriots in my book. As a country we are up to our eyeballs in debt and have a huge social care problem. So many people only care about themselves and not the country, ironically, a lot of them are the flagshaggers

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By *xtraoneMan
4 weeks ago

Gloucester


"Standard state pension maybe, I've paid national insurance since I was 16 also get extra from my late wife who died before her pension age, you're quoting the minimum pension.

That's state pension 11k a

year so long as you've paid ALL your contribution.

So as you say yourself your on more than 11k due to your wife's pension."

My wife never reached state pension age but her national insurace contributed towards my state pension so my original statement was correct I am taxed on my state pension.

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By *eefandfurMan
4 weeks ago

Edinburgh


"People complaining about taxes and seeking to avoid them are traitors, not patriots in my book. As a country we are up to our eyeballs in debt and have a huge social care problem. So many people only care about themselves and not the country, ironically, a lot of them are the flagshaggers"

With that logic, every MP and all of the royal family are traitors.

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By *oath 555Man
4 weeks ago

Cardiff


"Standard state pension maybe, I've paid national insurance since I was 16 also get extra from my late wife who died before her pension age, you're quoting the minimum pension.

That's state pension 11k a

year so long as you've paid ALL your contribution.

So as you say yourself your on more than 11k due to your wife's pension.

My wife never reached state pension age but her national insurace contributed towards my state pension so my original statement was correct I am taxed on my state pension. "

As does mine, if your paying tax on pension your doing well!

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By *oath 555Man
4 weeks ago

Cardiff


"People complaining about taxes and seeking to avoid them are traitors, not patriots in my book. As a country we are up to our eyeballs in debt and have a huge social care problem. So many people only care about themselves and not the country, ironically, a lot of them are the flagshaggers

With that logic, every MP and all of the royal family are traitors. "

How? You know ALL MPs and royal family are tax dodging? That's quite the charge!!?

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By *oath 555Man
4 weeks ago

Cardiff


"People complaining about taxes and seeking to avoid them are traitors, not patriots in my book. As a country we are up to our eyeballs in debt and have a huge social care problem. So many people only care about themselves and not the country, ironically, a lot of them are the flagshaggers"

Agree, paying tax is a privilege.

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By *axfactorMan
4 weeks ago

annan

Check out the income tax rates for Scotland!!

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By *awsMan
4 weeks ago

Portsmouth


"Make the system simpler, less loopholes and make the super rich pay their fare share. And if the c***s whine and talk about leaving let them "

They are in their droves. And when they’re gone who do you think the government are going to tax to make up the short fall? Doh!

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By *3versMan
4 weeks ago

glasgow


"Standard state pension maybe, I've paid national insurance since I was 16 also get extra from my late wife who died before her pension age, you're quoting the minimum pension.

That's state pension 11k a

year so long as you've paid ALL your contribution.

So as you say yourself your on more than 11k due to your wife's pension.

My wife never reached state pension age but her national insurace contributed towards my state pension so my original statement was correct I am taxed on my state pension. "

Read this

https://www.pensionsage.com/pa/Reeves-confirms-state-pension-will-remain-tax-free-for-those-with-no-other%20income.php

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By *oath 555Man
4 weeks ago

Cardiff


"Make the system simpler, less loopholes and make the super rich pay their fare share. And if the c***s whine and talk about leaving let them

They are in their droves. And when they’re gone who do you think the government are going to tax to make up the short fall? Doh!"

Simply not true. There's no evidence that billionaires a re leaving in any higher frequency than under the Tories. The young are leaving in droves due to lack of opportunity and high cost of living. If you want future tax payers make the place better for the young!

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By *xtraoneMan
4 weeks ago

Gloucester


"Standard state pension maybe, I've paid national insurance since I was 16 also get extra from my late wife who died before her pension age, you're quoting the minimum pension.

That's state pension 11k a

year so long as you've paid ALL your contribution.

So as you say yourself your on more than 11k due to your wife's pension.

My wife never reached state pension age but her national insurace contributed towards my state pension so my original statement was correct I am taxed on my state pension.

Read this

https://www.pensionsage.com/pa/Reeves-confirms-state-pension-will-remain-tax-free-for-those-with-no-other%20income.php

"

Thanks I'll talk to my local MP.

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By *onna AmourTV/TS
4 weeks ago

Preston

Them figures don't make sense, sorry.

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