Pensioners could be slapped with extra £2,500 year tax bill in Rachel Reeves's Budget
The Chancellor is due to give her Autumn Budget statement on November 25
Pensions
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Frozen tax allowances and the triple lock is pushing the state pension closer to the tax-free allowance threshold
State pension to hit £12k but older Britons will 'pay income tax' on payments from 2027
Analysts are sounding alarm over the impact fiscal drag will have on state pensioners within the next couple of years
