Another one I heard from Martin Lewis yesterday evening, pensioners will not have to pay income tax on their state pension, even if/when the pension exceeds the 20% tax threshold, which it will do in 2027.
However, they will have to pay tax on their occupational pension.
That's not much of a change. It's all been taxed at the lower threshold previously.
None of my state pension has ever been taxed, and it won't be until 2029 at least.
Rachel is well known for changing her mind, and the goal posts.
It will be government policy until it isn't.....and that could be next week.
The whole budget was an unprofessional farce.
