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Published 28 days ago

UK's Sunak proposes tax cuts for pensioners in new election pledge

  • The Conservatives pledge to cut taxes for pensioners with a new "age-related" tax-free allowance, known as "triple lock plus."
  • Currently, pensioners can receive £12,570 annually tax-free, aligning with the personal allowance for workers.
  • Rishi Sunak stated the move reflects support for pensioners, providing peace of mind in retirement.
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