Four million pensioners will be £83 worse off a year under new budget plans to remove £3 billion out of income tax allowances for older people.

It’s also estimated that 360,000 people in the UK aged 65 will lose out on £285 a year under new measures.

Currently people over the age of 65 do not pay income tax on pensions and earnings up to value of £10,500 – but this is set to change in as budget restructuring takes place.

The hashtag #grannytax has been widely used, as well as #giveitbackdave as opponents to the plan voice their opinions on Twitter.

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Image: James Doran

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