Frozen tax thresholds are catching out pensioners – Here's how to plan around them

The Hidden Costs Retirees Face – And How to Plan Around Them

Retirement is often pictured as a time to relax, travel, and enjoy the freedom that comes after decades of work, but many retirees quickly discover that leaving the workforce also brings a range of unexpected expenses that can put pressure…

Frozen tax thresholds are catching out pensioners – Here's how to plan around them

A quiet but significant shift has taken place in how pensioners are taxed. In the 2021/22 tax year, only 494,000 pensioners paid income tax at 40 per cent or above....