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Evening Standard
Evening Standard
Vicky Shaw

10m people aged 65 and over expected to be income tax payers in 2026-27

Income Tax HMRC Quilter
What were once considered tax rates for wealthier people are increasingly reaching a much broader group, a financial planning expert at Quilter said (picture posed by model/Yui Mok/PA Archive) - (PA Archive)

The number of people aged 65 and over who are paying income tax is expected to have broken through the 10 million mark this tax year, according to HM Revenue and Customs (HMRC) figures.

Around 9,570,000 people in this age bracket were paying income tax in 2025-26.

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