Around 2.5m taxpayers face being pulled past the £100,000 Personal Allowance taper threshold by 2031, according to a forecast.

The income tax paid by people in retirement has risen by over 40% in two years, according to new data from HMRC.

Wealth manager and Financial Planner Rathbones - a leading employer in Scotland - has warned that the growing complexity of Scotland’s income tax system risks damaging the Scottish economy and putting off clients relocating north of the border.

An additional 1.5m State Pensioners are set to pay income tax this year, according to data released this week by HMRC and analysed by financial services consultancy Broadstone.

The number of higher-rate income taxpayers could double to around two-thirds of all taxpayers by the 2075/6 tax year, according to analysis from the Office for Budgetary Responsibility.

The Chancellor has confirmed in an interview with Martin Lewis that pensioners whose sole income is the state pension will not have to pay income tax once it breaches the threshold for paying basic rate tax.

Those earning over £100,000 could face paying over £7,000 in extra income tax if the current freeze on tax thresholds - due to end in 2028 - is extended to 2030, according to a new report. 

Thresholds affecting higher rate taxpayers have fallen significantly behind wage inflation and are costing people thousands of pounds, according to new stats.

Latest HMRC figures out today reveal that the total government tax 'take' jumped £8.9bn year on year in the latest five month period.