New calls for income tax on State Pension to be scrapped to stop 'penalising' people in retirement
A new online petition is calling on the UK Government to “introduce a Bill to remove income tax on the State Pension.” Ray Crawford argues that people like himself are “penalised by the UK Government and HM Revenue and Customs by paying income tax on our State Pension because we have either workplace or private pension schemes to support us in later life”.
The freezing of the Personal Allowance at £12,570 since 2021/2022 means that the State Pension payment has grown from 74 per cent of the allowance to 84 per cent for 2023/24, meaning pensioners will need just £1,969.80 of income before they start paying income tax. “We are penalised by the Government and HMRC by paying income tax on our state pension because we have either workplace or private pension schemes to support us in later life. I would ask the Government to either scrap [or amend] the amount we pay.”
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