Taxation of state pension
The state pension is liable to income tax, though pensioners are unlikely to pay tax in practice if their only income is the state pension.

The American economist James Tobin first made the suggestion for a tax on currency transactions to dissuade short term currency speculation in the 1970s. Recently the idea of a more general 'Tobin-like' tax on financial transactions has been discussed, in the wake of the global financial crisis, and the desire to recover the considerable costs of public bailouts given to this sector. This note gives some historical background to the issue, while a second note (SN06184) looks at recent developments.
The Tobin tax : earlier debates (143 KB , PDF)
The Tobin tax : earlier debates (143 KB , PDF)
The state pension is liable to income tax, though pensioners are unlikely to pay tax in practice if their only income is the state pension.
This briefing looks at the UK's fiscal targets and wider policy for managing the public finances.
This briefing explains the current rates of stamp duty land tax and of the property transaction taxes in Scotland and Wales, and proposals for reform.