State pension warning as thousands of retirees caught in 'punishing' 60 per cent tax trap
A record 77,000 pensioners are now caught in the 60 per cent tax trap as frozen thresholds push more retirees into higher tax brackets
A record 77,000 pensioners are now caught in the 60 per cent tax trap as frozen thresholds push more retirees into higher tax brackets
The state pension age is expected to rise from 66 to 67 in the next few years
Experts want the Government to review retirement adequacy every five years alongside the State Pension age to keep reforms on track