brackets

Your next question starts with a similar answer – there’s no hard and fast rule for what age you should start Roth conversions; it depends on your income, the amount you’re converting and your tax brackets.

That pledge already was deceptive, since Ms. Reeves intends to freeze the income-tax bands as inflation lifts more taxpayers into higher-rate brackets in nominal terms.

That would appear to mean an extension in the £40bn a year freeze on tax thresholds - which raises an extra £8bn a year as more worker's salaries creep into the higher tax brackets .

Inflation adjustments also apply to tax brackets and other items.

The numbers are indexed to rise with inflation, as are tax brackets and the income levels that trigger certain capital-gains tax rates.