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Lib Dems Slam Reeves Over Delayed Pensioner Tax Protections

3/4/2026

Summary

Story summary

The Liberal Democrats criticized Chancellor of the Exchequer Rachel Reeves for delaying pensioner tax protection.
The Office for Budget Responsibility forecasts 600,000 more pensioners taxed in 2026-27, rising to 1,000,000 by 2030-31.
Historically, pensioners relying on the state pension have avoided taxes, but the pension will exceed the personal allowance.
The government aims to exempt those with only state pension income but has not detailed the policy.

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Story summary

The Liberal Democrats criticized Chancellor of the Exchequer Rachel Reeves for delaying pensioner tax protection.
The Office for Budget Responsibility forecasts 600,000 more pensioners taxed in 2026-27, rising to 1,000,000 by 2030-31.
Historically, pensioners relying on the state pension have avoided taxes, but the pension will exceed the personal allowance.
The government aims to exempt those with only state pension income but has not detailed the policy.