£30bn HMRC bombshell as millions more pensioners dragged into paying tax

The number of pensioners paying income tax has jumped to 8.8 million, with older people handing HMRC £29.8bn as frozen tax thresholds continue to bite. (Image: Oleksandr Kondriianenko)

MILLIONS more pensioners are paying income tax than just two years ago, with the amount handed to HMRC by those above state pension age soaring to almost £30 billion, according to new government figures.

Fresh HMRC statistics show pensioners paid £29.8 billion in income tax in 2024/25, up from £21.1 billion in 2022/23 – a rise of more than 40% in just two years.