Retirement Tax

UK Labour’s ‘Retirement Tax’ Could Cut Your State Pension – How to Prepare!

UK Labour’s ‘Retirement Tax’ Could Cut Your State Pension – How to Prepare!

Anthony Lane

The UK "Retirement Tax" could see pensioners paying more tax as state pensions rise above the frozen £12,570 tax-free allowance. With more retirees at risk of unexpected tax bills, understanding the implications and proactively managing your finances is crucial. Learn how to use tax-efficient savings, adjust pension withdrawals, and claim additional benefits to minimize your tax burden. Stay informed and plan ahead to protect your retirement income.