State pension set to surpass income tax threshold from next April
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Interest rates and oil prices have continued to ratchet up today, as financial markets fear the rise of inflation - creating more pressures for the Chancellor. [Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe] Meanwhile, state pensions in the UK are set to rise by nearly £500 a year. But that jump means that even someone who only received the full state pension would be liable to income tax. Here’s what's going on. ------- Get more news at our site - https://www.channel4.com/news/ Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe Follow us: TikTok - https://www.tiktok.com/@c4news Instagram - https://www.instagram.com/channel4news/ Twitter - https://twitter.com/Channel4News Facebook - https://www.facebook.com/Channel4News/
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