Rachel Reeves’ stealth tax raid that will cost pensioners £3,000

Rachel Reeves’ stealth tax raid that will cost pensioners £3,000

Rachel Reeves has said the income tax threshold will remain frozen until April 2028, with pensioners forced to pay more in a 'stealth raid' many won't have planned for.

CHRONIQUE. The Minister of Public Accounts makes an announcement without really making it, and ensures that he does not want to increase taxes against any evidence.

In a context of austerity, the government mentioned the possibility of eliminating the 10% tax reduction on pensioners' pensions, a measure that would save billions of euros.

In an interview with the "Parisien" published this Saturday, April 19, the Minister of Public Accounts Amélie de Montchalin did not rule out the possibility of abolishing the tax allowance enjoyed by pensioners, considering that "it is not your age that must define your contribution".

The government wants to remove tax niches under Budget 2026 to try to reduce the public deficit, which increased to 5.8% of GDP in 2024. Amélie de Montchalin, Minister of Public Accounts, assures "that it is not your age that must define your contribution".