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.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
People can now boost future New State Pension payments until April 2025People can boost future New State Pension payments until April 2025 as summer deadline extended
Consulte Mais informação »
Boost New State Pension pay without spending any money on missing NI yearsThe deadline to boost State Pension with voluntary NI credits has been extended until 2025.
Consulte Mais informação »
New delay for WASPI women waiting on review into State Pension age changesMillions of women born in the 1950s were affected by the change to the State Pension age.
Consulte Mais informação »
State pension top up deadline extended again in 'hugely welcome' moveA generous government scheme that allows people to pay to fill in gaps in their national insurance record and boost their state pension has been extended again to April 2025 gracegausden93 reports
Consulte Mais informação »
People on State Pension can quickly check eligibility for £3,500 top-up onlineIn just a few minutes you could find out if you are due an income boost from the passport benefit.
Consulte Mais informação »
Panerai: New Store, New Watches, New YorkThe big watch brand bets big on the Big Apple
Consulte Mais informação »