Pensioners may have seen their incomes rise by close to a third in the past decade, but council tax has clawed this back and then some, according to figures published by Key Retirement Solutions.
Average council tax bills have risen by 92% over the same period, increasingly squeezing pensioners. Given the rates of house price inflation those in the Southeast and London have actually fared statistically better than pensioners in other parts of the country, but rebanding of house prices is likely to result in a financial shock for those still living in what is the richest region of the country. Dean Mirfin, business development director, says: “A pensioner who lives in the average band D property in England will see council tax eat up almost a tenth of their gross annual income ...
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