State pension rise pushes it over tax-free limit
Full pension hits £13,036 next April, about £93 a year over the £12,570 allowance
The full state pension is set to rise £489 a year next April, and the taxman wants some of it back.
It'll climb from £12,547 to £13,036, pushing it over the frozen £12,570 tax-free allowance for the first time. One pensions expert says that could mean just over £93 owed to HMRC.
The government says it's committed to letting off people whose only income is the state pension, but the details still haven't been confirmed.
Should the state pension be taxed at all?
Full story: Daily Mail – Money
