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How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

BUZZ-Severn Trent: hits more than 7-mth high on FY results beat

Reuters - UK Focus

** British water utility, Severn Trent (Other OTC: STRNY - news) up 1.5 pct & nearing biggest intra-day pct gain in about 6 months

** Stock among top pct gainers on FTSE 100

** 4-star rated analyst Morgan Stanley (Xetra: 885836 - news) says the beat at EPS was driven by stronger EBIT, lower financing costs and lower taxes than expected

** FY revenue from continuing operations rises 3.7 pct to 1.819 bln pounds ($2.36 bln)

** FY group underlying PBIT of £525 mln ($681.35 mln), up £22 mln; upgraded dividend policy ($1 = 0.7705 pounds) (Reuters Messanging: aniruddha.c.thomsonreuters.com@reuters.net)