tax year

"However for the 2025/26 tax year the level of relief has been reduced by the government to 40%."

Now the government has changed course - after widespread criticism - and said that, from 2025-26, all pensioners will get it, although it will be clawed back in the following tax year from individuals earning £35,000 and above.

For each £4,000 saved in any given tax year, the government will top it up with an extra £1,000.

Sir Keir's latest summary of his UK taxable income, capital gains and tax paid over the last tax year as reported to HM Revenue & Customs, was prepared by his chartered accountants.

The new tax year does see another freeze in income tax thresholds.