Frozen tax thresholds may push UK pensioners into poverty

A campaigner warns that frozen tax thresholds could push more pensioners into poverty. Dennis Reed's petition, signed by 80,000 people, calls for an increase in the tax threshold for state pensioners by at least £1,000. Reed argues that if the tax threshold remains unchanged, many pensioners will face financial difficulties. He highlights that rising state pensions, combined with frozen allowances, could lead to more pensioners paying income tax. Recent figures show that 7.13 million pensioners paid tax in the 2022/23 tax year, a 5.7% increase from the previous year. This trend raises concerns about the financial impact on those relying solely on state pensions.