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As it stands, people who are only in receipt of the State Pension will have to pay some tax and file a tax return when the State Pension surpasses the personal allowance threshold (expected to happen in 2027). Why is this happening? As the State Pension rises in line with the Triple Lock, and the Government has frozen the thresholds for Income Tax, pensioners will be drawn into paying a small amount of tax. The Chancellor is well aware of this, as she told Martin Lewis (you can see this here: ht
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