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Martin Lewis Issues 'Fiscal Drag' Warning to Anyone Earning More than £12,750 - Birmingham Live

UNITED KINGDOM, JUL 8 – Freezing the personal tax allowance at £12,570 risks pushing 4.2 million more taxpayers into income tax brackets by 2028, increasing tax burdens through fiscal drag, experts say.

Summary by Birmingham Mail
The MoneySavingExpert.com founder has addressed concerns that the State Pension will start getting taxed

3 Articles

Birmingham MailBirmingham Mail
Center

Martin Lewis issues 'fiscal drag' warning to anyone earning more than £12,750 - Birmingham Live

The MoneySavingExpert.com founder has addressed concerns that the State Pension will start getting taxed

·Birmingham, United Kingdom
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Daily ExpressDaily Express
Lean Right

Martin Lewis gives personal tax allowance £12,570 state pension freeze update

Personal finance expert said he had been asked by many about the possibility of state pensions being taxed next year due to 'fiscal drag'

·United Kingdom
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iNewsiNews
Center

Extra 3.5m to be dragged into 40% tax by 2029 as result of thresholds freeze

Impartial news & intelligent debate

·London, United Kingdom
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iNews broke the news in London, United Kingdom on Tuesday, July 8, 2025.
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