Pensioners: Tax Rates and Bands
Commons · Question 11042 · Tabled 24 Oct 2024 · Treasury · Official record
Answered 1 Nov 2024
Question
Asked by Lee Anderson
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing a higher tax threshold for pensioners.
Answer
Answered by James Murray, 1 Nov 2024
The Government is committed to making sure older people can live with the dignity and respect they deserve in retirement. The income tax Personal Allowance will continue to exceed the basic and full new State Pension in 2024-25. This means that pensioners...