Budget 25: Pensioners caught in frozen threshold tax trap see 'small bills' written off

The government has committed to retaining the state pension triple lock while also freezing tax thresholds, meaning more people will face minor tax liabilities. Quilter head of retirement Jon Greer said: "Frozen tax thresholds and the triple lock have created an absurd situation where the state pension now takes up so much of the personal allowance that thousands of pensioners whose sole income is the state pension are being dragged into the tax system. "The government's decision to write off these ‘small tax' bills from 2027 is a sticking-plaster solution to a problem of its own maki...