The biggest announcement is about income tax. A new income tax bill will be introduced in Parliament next week. This bill will replace the old Income ... to change after almost 60 years.

Well, then try these strategies to increase your spendable after-tax income (and leave more to ... taking withdrawals when you turn 70½ years old whether you need the money or not.

There were more taxpayers over the age of 75 than in any other age range, with 3.63 million people recorded as paying income tax for the demographic. People aged over 70 paid £19.1bn in income ...