Number of pensioners paying income tax soars to more than 8.5 million

HMRC figures show 660,000 more pension-age income taxpayers over last year, a 10% rise

Jasmine Urquhart
clock • 1 min read
Number of pensioners paying income tax soars to more than 8.5 million

The number of pensioners paying income tax has risen to 8.51 million over the last year, according to figures from HM Revenue and Customs (HMRC).

The figures for the 2023/24 tax year showed almost 10% more (660,000) were paying income tax while over the state pension page, up from 7.85 million last year. In addition, more than two million...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Post- and pre- dashboards worlds will look 'very different'

Post- and pre- dashboards worlds will look 'very different'

Chris Curry says industry standards have improved as a result of dashboard delivery

Holly Roach
clock 14 August 2026 • 2 min read
Aviva posts fall in BPA business but strong growth in wealth and workplace

Aviva posts fall in BPA business but strong growth in wealth and workplace

Insurer says BPA market ‘less active and more competitive’ but sees workplace flows soar

Professional Pensions
clock 14 August 2026 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPT CDC solution, PASA dashboard guidance, £83m buy-in deal

Professional Pensions
clock 14 August 2026 • 1 min read
Trustpilot