Article preview: What is the tax burden you are likely to face in retirement? A new study has found that retired households pay almost 14% of their annual income in direct taxes. The analysis from key found that income tax and council tax add up to 13.9% on average for retired household’s pre-tax income.
Retired households have a big direct tax burden
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This 475-word blog post looks at new analysis from Key into the direct tax burden experienced by retired households. Written on 1st April 2021.
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