Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate she has made of the number of pensioners who will pay tax on their (a) basic state pension (b) second state pension and (c) new state pension from April 2026.
Those whose sole income is the basic and full new State Pension without any increments will not pay any income tax in 2026/27.
The Chancellor has said that those whose only income is the basic or new State Pension without any increments will not have to pay income tax over this Parliament. At the Budget, the Government announced that it will achieve this by easing the administrative burden for pensioners so that they do not have to pay small amounts of tax via Simple Assessment from 2027/28. The Government will set out more details in due course.