Labour has also said it will freeze the personal tax-free allowance at its current rate of £12,570, meaning that when state pensions – currently £11,502 – rise above £12,570, as they are predicted to do before the next general election, the state pension will be subject to tax for the first time.
Labour have said they will keep to the Tory timescale on freezing the personal allowance until 2028, which is (barring the unforeseen) before the date of the next election.
There is no guarantee - or likelihood, sadly - that state pensions will rise that much.
Assuming that pensions rise 3% next April, they will be £11,587. Another 3% in April 2026 means 11,934, and one more similar rise in 2027 (the last date before the freeze ends) only gets to 12,292.
Even if pensions rose at 10% a year by 2027 they would be 13,314, so if the threshold didn’t increase, £744 would be taxable, which is £11.44 per pension payment.
To reiterate, this is exactly the same as it would have been if the Tories remained in office.