New figures from HM Revenue and Customs (HMRC) indicate that the number of people of State Pension age or over paying income tax has soared in recent years due to frozen tax thresholds and successive significant increases to the State Pension. The data shows that some 6.7 million people of State Pension age or over were paying income tax as of 2021/22, but that is projected to have risen to 7.1m in 2022/23, 7.9m in 2023/24 and 8.5m in 2024/25 as more pensioners fall into the income tax bracket.