HMRC Issues £1,958 Tax Bills to State Pensioners in Controversial ‘Two-Tier’ System Saturday, May 30, 2026 pensions taxation statepension taxpolicy retirement hmrc personalallowance government unfairness finance More than 12.5 million pensioners in the UK are caught in what critics call a “two-tier” state pension system, with many facing unexpected tax bills. Basic state pensioners, in particular, are being hit hard due to the … Read More