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Healey is expected to shield low-income pensioners from income tax – but how will it work?

Retirees will get a personal allowance aligned with the new state pension, but experts say it could get complicatedRetirees in the UK on low incomes are expected to be given a new personal allowance so that they do not have to hand any of their state pension to HMRC.The full details are due to be revealed by the chancellor, John Healey, in Wednesday’s budget, but here is what we know so far. Continue reading...