Number of UK pensioners paying highest tax rates doubles in five years

Over the past five years, the number of UK pensioners paying the highest tax rates has doubled, with over one million now shouldering additional tax on their retirement income. This surge is due to tax thresholds remaining stagnant while incomes rise, highlighting the impact of tax policies on retirees. The trend underscores the financial strain faced by many pensioners and raises questions about the sustainability of current tax structures in supporting the elderly population. For more details, check out the full article from the Financial Times.