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Pension tax allowance introduced as Budget 2026 details emerge
Original: uk state pension income tax threshold
Chancellor John Healey has introduced a pension tax allowance in the 2026 Budget, alongside plans for a bank surcharge. The measures have drawn attention to how the state pension interacts with income tax thresholds, with pensioners watching closely for details on whether more retirement income will become taxable.
Why now: The 2026 Budget announcements on pension tax have raised questions about how the state pension will be treated under income tax thresholds.
John HealeyUK TreasuryUK state pensionBudget 2026
Evidence
- Budget 2026 Live: Healey introduces pension tax allowance and lays out bank surcharge plans · City AM
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