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New calls for tax on State Pension to be scrapped ahead of annual uprating due official response
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dailyrecord.co.uk
dailyrecord.co.ukMore than 17,000 people have signed an online petition calling for income tax on the State Pension to be scrapped in order to help “reduce the tax burden on pensioners”.
The ‘make State Pensions tax free’ petition has now met the 10,000 signature threshold which entitles it to a response from the UK Government.
The personal tax allowance threshold will remain frozen at £12,570 during the 2024/25 financial year, which means that older people with an income of more than £242 per week may have to pay income tax.
Following the annual uprating on April 8, someone on the full New State Pension will see their payments go up from £203.85 per week to £221.20 and as payments are typically made every four weeks, this amounts to £884.80 each pay period.
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