Millions of Pensioners Still Face Tax Despite 'Triple Lock Plus' Policy

New research reveals that 2.5 million retirees will continue to pay income tax on their state pensions under the proposed Conservative plan.

The 'triple lock plus' policy aims to raise the tax-free threshold in line with state pension increases.
Around one in five pensioners currently receive state pensions above the tax-free allowance.
Older pensioners and men are more likely to be affected by the tax.
The new state pension system includes transitional measures that result in some receiving more than the standard rate.
Both major parties plan to freeze income tax thresholds for the next three years.