PENSIONERS will be given a tax break worth £2.4 billion a year, Rishi Sunak is expected to promise ...
The Prime Minister will announce on Tuesday that from April next year the income tax personal allowance for pensioners will be increased in line with the triple lock, as he continues the Conservatives’ election campaign.
The tax cut will be funded through a previously announced plan to raise £6bn a year by the end of the next parliament by clamping down on tax avoidance and evasion.The policy follows criticism of Chancellor Jeremy Hunt’s decision to cut national insurance by 2p at the spring budget, after a similar cut in the autumn.would by contrast drag pensioners in receipt of the full state pension “into income tax for the first time in history”.
“This bold action demonstrates we are on the side of pensioners. The alternative is Labour dragging everyone in receipt of the full state pension into income tax for the first time in history.”“Why would anyone believe the Tories and Rishi Sunak on tax after they left the country with the highest tax burden in 70 years?” said Jonathan Ashworth, the shadow paymaster general.
“Labour will protect the triple lock. But Rishi Sunak is planning to reward Britain’s pensioners for their loyalty by stabbing them in the back, just like he did to Boris Johnson and just like he has done to his own MPs.”We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
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