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UK pensioners pay £34 billion of tax UK pensioners are paying £34bn in tax according to research from MetLife. The provider's analysis shows the average pensioner pays 27% if their gross household income in a combination of indirect and direct taxes. This rises to 33% for the poorest pensioners. Dominic Grinstead, managing director of MetLife Europe Limited UK said: "Tax does not end when you stop working and 27% of gross retirement income being swallowed up by tax is a major factor to consider when planning for retirement." Click HERE to read more Warning NEST competitors a...
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