Pensioners: Taxation

(asked on 29th January 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the number of pensioners who will be required to pay tax for the first time after 2027.


Answered by
Torsten Bell Portrait
Torsten Bell
Parliamentary Secretary (HM Treasury)
This question was answered on 5th February 2026

The majority of pensioners paid tax under the previous Government, with 8.3 million taxpayers over state pension age in 2024/2025.

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.

Reticulating Splines