No government has ever taxed pensioners more than the one currently sitting in Westminster. Over the past decade, thousands more pensioners have been dragged into paying tax each year, hit by high rates and shrinking tax-free allowances. Since the Conservatives have been in power, the average income tax bill for retirees has risen by £400.
More than two-fifths of privately educated 35 to 44 year olds said they reviewed or reassessed their pension pot at least once a year, compared with less than a fifth of state school-educated peers of the same age