UK Chancellor Healy is set to announce in this week’s budget that the full state pension will rise by £489 to £13,036, a move that would push about 1.0 mln low-income pensioners above the current personal allowance. To preserve the principle that the state pension is non‑taxable, Healy will raise the tax-free threshold for low-income pensioners to £13,036, a measure expected to cost about £200 mln a year by 2030. The threshold will increase in line with state pension upratings during this Parlia

2026-10-26

UK Chancellor Healy is set to announce in this week’s budget that the full state pension will rise by £489 to £13,036, a move that would push about 1.0 mln low-income pensioners above the current personal allowance. To preserve the principle that the state pension is non‑taxable, Healy will raise the tax-free threshold for low-income pensioners to £13,036, a measure expected to cost about £200 mln a year by 2030. The threshold will increase in line with state pension upratings during this Parliament, but millions of higher‑income pensioners will still face income tax.

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2026-10-26

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2026-10-26

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