The number of people of state pension age or over who are paying income tax has soared, increasing by 660,000 to 8.51 million in the last year, according to new HM Revenue and Customs figures.
According to HMRC’s annual update of the number of pensioners paying income tax, since the pension age was raised to 66 in 2020/2021, the number of taxpaying pensioners has increased by over two million, from 6.47 million to 8.51 million.
Additionally, the number of taxpayers aged 65 and up has nearly doubled, to 8.95 million in 2024/25, up from 4.9 million in 2010/11.The increase is due […]
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