Pensioners: Income Tax — Written Question

Question

James McMurdock

Independent — South Basildon and East Thurrock

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of maintaining the personal tax allowance threshold on the number of pensioners living in (a) relative and (b) absolute poverty in each of the next three years.

Answer

James Murray

The Personal Allowance - the amount an individual can earn before paying tax - will continue to exceed the basic and full new State Pension in 2025/26. This means pensioners whose sole income is the full new State Pension or basic State Pension without ...

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