New pensioner tax threat as Labour team demands they pay both NI and IHT on pensions | Personal Finance | Finance [Video]

Her new gang of tax advisers have all been calling for a string of tax hikes that would target the elderly, even though the UK’s tax burden is at its highest level since the war. It’s a frightening insight into how Reeves and Labour leader Keir Starmer will govern if the party wins the election as expected.

Reeves has gathered a team of financial experts to help her modernise HMRC and the entire UK tax system if she becomes Chancellor of the Exchequer.

They all have one thing in common. A love of hiking taxes. Many of these will be targeted at the older generation, as they see pensioners as ripe for the picking.

Members of the team has been calling for pensioners to pay National Insurance on their incomes, in what would be a massive change because they are exempt today.

They have also called for inheritance tax (IHT) to be imposed …