UK ‘Two‑Tier State Pension’ Row: What Rachel Reeves’ Autumn Budget 2025 Means for Your Taxes and Retirement
The UK state pension has jumped to the top of the political and financial agenda again – not because of the usual triple‑lock debate, but because of a controversial new promise that risks creating what critics call a “two‑tier state pension”. Following the Autumn Budget 2025, Chancellor Rachel Reeves has confirmed that pensioners whose only income is the state pension will not pay income tax on it during this Parliament. Everyone else – including people with even a modest private pension or small top‑ups – will still be taxed in the usual way. Pensions Age+1 At the same time, the
