More than a million pensioners set to be hit by tax on savings accounts

MoneyWeekTuesday, October 21, 2025 at 1:51:07 PM
More than a million pensioners set to be hit by tax on savings accounts
More than a million pensioners are facing the burden of taxes on their savings accounts due to rising interest rates and stagnant tax thresholds. This situation is concerning as it affects the financial stability of many retirees who rely on their savings for a comfortable life. The combination of these factors means that what was once a secure nest egg is now subject to taxation, potentially diminishing their quality of life.
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