Pensioners' tax burdens revealed

AOL Money Staff
Group of retirees
Group of retirees

DPA DEUTSCHE PRESS-AGENTUR/DPA/Press Association Images

UK pensioner households are paying out nearly a third of their income to the taxman, research has suggested.

About 29% of the typical gross pensioner household income of £20,130 is paid out in direct and indirect taxes, equating to £5,864 a year, insurer MetLife found.