Healey to shield low-income pensioners from income tax in the Budget

Chancellor Healey intends to implement Budget changes to protect low-income pensioners from income tax. These measures aim to prevent the flat-rate state pension from becoming taxable after its scheduled rise in April. However, individuals receiving even £1 from a private pension in addition to their state pension are expected to be excluded from this new tax exemption. The initiative specifically targets the poorest state pensioners to shield their primary income from taxation.