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Healey is expected to shield low-income pensioners from income tax – but how will it work?

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Retirees will get a personal allowance aligned with the new state pension, but experts say it could get complicated Retirees in the UK on low incomes are expected to be given a new personal allowance so that they do not have to hand any of their state pension to HMRC. The full details are due to be revealed by the chancellor, John Healey, in Wednesday’s budget, but here is what we know so far.

Read the original report at The Guardian.

Read in depth: Business

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The Guardian

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-27. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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