Budget07: Pensioners' income tax threshold increased
Some 600,000 pensioners to be relieved of income tax burden, as ceiling rises
The chancellor has announced that tax-free allowances for pensioners under 75
will rise in three stages from £7,280 to £9,770 in 2011. For over-75s, the tax
free allowance will rise annually from £7,420 to by £10,000 by 2011.