Budget 2026: Poorest pensioners shielded from income tax Personal Finance Chancellor John Healey has confirmed he will shield low-income retirees from income tax as the state pension is set to rise above the personal allowance threshold next year, in a move expected to cost the government around £200m a year by 2030. Healey said the government would protect nearly one million pensioners who are dependent [...]
Protecting pensioners from income tax is unfair to workers Opinion As Chancellor John Healey prepares to raise the tax-free allowance for pensioners, exempting them from income tax while keeping working-age allowances frozen creates an unnecessary and unfair divide, says Matthew Bowles Today, Chancellor of the Exchequer John Healey will face the unenviable task of persuading the public that Britain’s finances add up. No matter how [...]
Healey’s state pension shield could create ‘messy £200m cliff edge’ Personal Finance The Treasury’s plans to shield low-income pensioners from income tax could lead to a “messy” cliff edge and a ballooning bill for future governments, a former pensions minister has warned. Chancellor John Healey will use his maiden Autumn Budget this week to protect nearly one million retirees who are dependent on the state guarantee by [...]
Badenoch says triple lock pension is ‘right policy’ as new Tory blueprint announced October 4, 2026 Kemi Badenoch has defended the triple lock pension as the “right policy” ahead of the Conservatives’ party conference this weekend. Badenoch said the triple lock, which is widely condemned as “unsustainable” across the political spectrum, ensured pensioners who had “contributed” were properly rewarded. The triple lock pension ensures that the state pension rises by whichever [...]
Burnham sets out his socialist stall and business barely gets a mention September 30, 2026 We were told to expect a speech that would leave no room for doubt about what Andy Burnham believes in, and we got one. There might not be much detail yet about how the Burnham Revolution will unfold but there is no ambiguity, either. The Prime Minister painted a vision of what this country could [...]
State pension to top £13,000 as triple lock piles pressure on Healey September 15, 2026 The state pension is set to rise by £490 next year as a result of the triple lock, adding to “pressures” facing Chancellor John Healey as he draws up his first budget. New earnings growth data released on Tuesday has indicated that the triple lock pension will rise by 3.9 per cent. The triple lock [...]
State pension set to pile pain on next generation of taxpayers, Healey warned August 26, 2026 The state pension is set to be the main driver of tax for the next generation of taxpayers, a Labour-linked think tank has warned in a paper that urged Chancellor John Healey to levy higher charges on wealth rather than income. New research from the Institute for Public Policy Research (IPPR), the former employer of [...]
The pensions triple lock is a travesty. Our politicians must fess up July 16, 2026 We report this week that the OECD has added itself to a growing list of institutions warning over the sustainability of Britain’s triple lock pensions system, the policy that guarantees the state pension rises annually by the highest of inflation, earnings growth or 2.5 per cent. The triple lock, the Paris-based OECD warns, is “unusually [...]
OECD sounds alarm on pension triple lock in challenge to Burnham July 15, 2026 The world’s leading independent economic organisation has warned that reform of the triple lock on state pensions is “necessary to reduce fiscal risks”, in a challenge to Andy Burnham as he prepares to take over as Prime Minister. The OECD, the Organisation for Economic Co-operation and Development, described the triple lock guarantee as “unusually generous [...]
Revealed: Secret Treasury plan to tax State Pension before it is paid out June 25, 2026 The Treasury is drawing up plans to automatically withhold income tax from the State Pension before it is paid out to recipients, City AM can reveal, in a move which flies in the face of previous assurances by Chancellor Rachel Reeves that she would not “go after” elderly Brits with fresh tax demands. The proposal, [...]