Pensioners: Tax Allowances
(asked on 8th February 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the tax-free threshold for pensioners to £15,000.
This question was answered on 19th February 2024
The Government is committed to ensuring that older people are able to live with the dignity and respect they deserve. The Personal Allowance is currently set at a level high enough to ensure that those pensioners whose sole income is the full new State Pension or basic State Pension do not pay any income tax.