RE: Share price27 Feb 2025 13:30
LTI
"In other words the state pension amount being taxed"
This is true, but in some ways it would make far more sense if the tax threshold was always kept above or the same as the New State pension. For people whose only income this is, it would mean that it simply used up their tax free allowance. Many of the current retired generation will have state pensions far higher than this, due to accumulating extra contributions from SERPS, second state pension and GMP and/or state pension deferment. Many of these may also get attendance allowance. They could be paying several thousand pounds in tax already, long before any company pension or private pension income is considered.