Jeremy Hunt Britain Jeremy Hunt Britain

New call to stop older people paying tax on State Pension ahead of annual uprating in April

Reading now: 726
www.dailyrecord.co.uk

A new online petition is calling on the UK Government to remove income tax on the State Pension to “reduce the tax burden on pensioners”.

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, confirmed at 8.5 per cent by Chancellor Jeremy Hunt during the Autumn Statement, from 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.

Over the 2024/25 financial year, this is an increase of £902, taking the annual income from State Pension alone from £10,600 to £11,502.

Read more on dailyrecord.co.uk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Royal Family - Kate Middleton - prince William - Kensington Palace - Charles - Charles Iii - Kate Middleton returns to Windsor after abdominal surgery: ‘Making good progress’ - nypost.com - county Windsor - county Prince William
nypost.com
86%
170
Kate Middleton returns to Windsor after abdominal surgery: ‘Making good progress’
her “planned abdominal surgery.”The Princess of Wales, 42, returned home to Windsor Monday morning, where she will continue to recover behind closed doors until after Easter.The mother-of-three spent a total of 13 days at the London Clinic, before she was whisked away to Adelaide Cottage in Windsor, where she was reunited with Prince William and their three children.“The Princess of Wales has returned home to Windsor to continue her recovery from surgery. She is making good progress,” Kensington Palace said in a statement Monday.“The Prince and Princess wish to say a huge thank you to the entire team at The London Clinic, especially the dedicated nursing staff, for the care they have provided.”William, who had hit the brakes on his official engagements while Kate was in the hospital, is expected to resume his official duties once the Princess settles in back at home.“The Wales family continues to be grateful for the well wishes they have received from around the world,” the statement concluded.Royal sources say Kate’s return to official duties “will depend on medical advice closer to the time.”Since news of Kate’s health woes came to light, Kensington Palace has contacted the Princess’ 30 charities to postpone and reschedule engagements.Kate’s father-in-law, King Charles, remains in the London Clinic this afternoon after being admitted three days ago for treatment of an enlarged prostate.Last week, it was reported that the Princess didn’t tell those close to the royal family about her surgery.Sources told People that the news took Middleton’s loved ones by surprise, especially as “there had been no indication that anything was wrong” with her before her hospitalization on Jan.
DMCA