Chancellor John Healey is set to shield pensioners on low incomes from income tax in his first Budget on Wednesday.
Protection for pensioners
The measure focuses on pensioners with lower incomes and is expected to prevent them from being exposed to income tax under the Budget plans.
The announcement places the financial position of low-income pensioners among the key issues in Healey's first Budget as Chancellor. No further details on how the protection will operate were provided.
What to expect
The income tax shield is due to be outlined when Healey delivers the Budget on Wednesday. Until then, the available information is limited to the stated protection for pensioners on low incomes.