Petition calls for pensioners to get bigger tax-free allowance

Summarised from 2 outlets · Updated 9 Oct, 09:55 · Archive

A petition seeks to restore a higher tax-free allowance for people of State Pension age, set at 110 per cent of the full new State Pension.

A petition created by Stewart Wilks calls for the Government to restore an age-related Personal Allowance for pensioners, with the tax-free threshold set at 110 per cent of the full new State Pension and rising automatically each year in line with the State Pension triple lock.

The campaign argues that giving older people more tax-free income would help them manage their finances whilst supporting local shops and businesses. It says pensioners are more likely to spend additional income locally, helping high streets and small businesses whilst generating extra VAT and other tax revenues. The Personal Allowance is the amount someone can earn before paying Income Tax; the standard allowance is currently £12,570 a year.

Prime Minister Andy Burnham said at the Labour Party Conference that the Government is committed to ensuring low-income pensioners will not be dragged into paying income tax during this Parliament. The petition needs 10,000 signatures to trigger a Government response.

How it is being reported

• Pensioners could get a bigger HMRC tax-free Personal Allowance under new callsA new petition calls for pensioners to get a bigger tax-free allowance, set at 110% of the full new State Pension and increased annually.Oxford Mail · 9 Oct, 09:23
• Pensioners could get a bigger HMRC tax-free Personal Allowance under new callsA new petition calls for pensioners to get a bigger tax-free allowance, set at 110% of the full new State Pension and increased annually.Oxfordshire Guardian · 9 Oct, 09:23

In this story: Stewart Wilks · Andy Burnham · Labour Party · HMRC

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