How Are Tax Threshold Freezes Impacting Pensioners?

How are tax threshold freezes impacting pensioners?

Nigel Farage claimed the impact of both threshold freezes and the triple lock is “dragging about nine million pensioners into taxation”.

Frozen tax thresholds hold back Brits for ten miserable years

In March 2021 Chancellor Rishi Sunak described it as “a tax policy that is progressive and fair.” In November 2022, Chancellor Jeremy Hunt extended the policy, describing it as necessary and fair. In October 2024, Chancellor Rachel Reeves announced an end to the policy, saying extending it beyond 2028 “would hurt working people.” Alas, a year later in November 2025 she said that the policy will in fact endure until at least 2031. She acknowledge…