https://birminghamdaily.co.uk/tags/tax-thresholds/Recent content in tax-thresholds on Birmingham DailyHugo -- gohugo.ioen-usFri, 01 May 2026 04:55:42 +0000https://birminghamdaily.co.uk/eight-million-state-pensioners-face-rising-tax-bills-due-to-2021-hmrc-rule/Fri, 01 May 2026 04:55:42 +0000https://birminghamdaily.co.uk/eight-million-state-pensioners-face-rising-tax-bills-due-to-2021-hmrc-rule/HMRC’s decision to freeze income tax thresholds since 2021 is impacting over eight million state pensioners, causing many to face higher tax bills. Recent HMRC data reveals that 8.2 million people of state pension age are now paying income tax, with numbers steadily rising. This freeze has led to what experts call “fiscal drag,” where inflation and income growth push taxpayers into higher tax brackets without any real increase in their earnings.