Tax and State Pension 25/26

molerat

Flugelhorn said:

peterhjohnson said:

Thanks for the replies. I'm glad I'll escape Self Assessment. I'm sure some people find SA easy but when I had to do it, I found it very stressful.
> Personal allowances aren't going anywhere for the time being 
Rachel Reeves announced that "personal tax thresholds will now be uprated in line with inflation again from 2028-29" :-:smile:

actually  even then some of the time the pension will go up faster than the personal allowance and also has a few years head start

The full new state pension will be at least £12570 for the 27-28 tax year (£11963.95 + 2.5% + 2.5%).

Midlander59

It takes a very long time to get the extra money back if you defer

af1963

Midlander59 said:

It takes a very long time to get the extra money back if you defer

To make the deferral calculation fair for those who defer and those who don't, it should take the rest of your (average expected) lifetime.