Event Brief
UK state pension to exceed income tax threshold next year
By The BriefBrief · Sources (2)
Filed: Sep 15, 2026 at 6:10 AM ET
Summary: Labour has pledged to keep the state pension out of income tax, putting pressure on chancellor John Healey to raise the tax allowance or find another workaround. The change means the state pension will surpass the income tax threshold next year.
WHO: Chancellor John Healey
WHAT: Pressure on the chancellor to adjust the income tax allowance or find a workaround so the state pension remains outside income tax as it will exceed the threshold next year.
WHEN: Sep 15, 2026
WHERE: United Kingdom
WHY: Labour’s pledge to keep the state pension out of income tax is creating pressure to change the tax allowance or another mechanism.
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