Pensions Triple Lock
Debate between Pat McFadden and Llinos Medi(2 days, 9 hours ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Llinos Medi (Ynys Môn) (PC)
Diolch, Madam Dirprwy Lefarydd. This Government have said more than once that pensioners who rely on the state pension as their only source of income will not have to pay tax on it during this Parliament. However, the proposed reforms to the triple lock would take effect in the next Parliament. Will the Secretary of State confirm that pensioners reliant on the state pension alone will not have to pay tax when the reforms come into place?
Pat McFadden
Many pensioners pay tax at the moment. For those who are purely reliant on the basic state pension for their income, the Prime Minister and Chancellor have made clear that they will not have to pay income tax for the duration of this Parliament. The Chancellor will announce further details at the Budget.