More than 650,000 dragged into paying more tax from today – are you one of them

STATE pension payments have increased to £11,973 a year as of today, benefiting millions of retirees.

However, this rise will push 650,000 more pensioners into paying income tax over the next 12 months.

AlamyEarlier projections indicate that by April 2026, as many as nine million pensioners could face income tax bills[/caption]

This is because state pension payments have gone up, but income tax thresholds remain frozen until 2028, so more people now earn enough to have to pay income tax.