Income Tax: Pensioners
Commons · Question 51097 · Tabled 8 May 2025 · Treasury · Official record
Answered 13 May 2025
Question
Asked by Gregory Stafford
To ask the Chancellor of the Exchequer, whether she has made a recent assessment of the potential merits of increasing the Income Tax threshold for pensioners.
Answer
Answered by James Murray, 13 May 2025
The Personal Allowance - the amount an individual can earn before paying tax - will continue to exceed the basic and full new State Pension this tax year. This means pensioners whose sole income is the full new State Pension or basic State Pension without...