What is the Tory pension plan and what are the implications of the policy?
Rishi Sunak has moved to protect pensioners from frozen income tax thresholds introduced by the Government in 2021.
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Rishi Sunak has moved to protect pensioners from frozen income tax thresholds introduced by the Government in 2021.
In a General Election pension pledge, Rishi Sunak said personal allowance for pensioners would increase while staying frozen for younger adults.
Rishi Sunak has moved to protect pensioners from frozen income tax thresholds introduced by the Government in 2021.
While these pledges go some way to undoing the stealth tax on pensioners, they keeping it firmly in place for people of working age.
The 'triple lock plus' will see the personal allowance for pensioners rise inline with the state pension over the long term.