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Written question asked by James Wild (Conservative) on Tuesday, 1 April 2025, in the House of Commons. It was due for an answer on Thursday, 3 April 2025. It was answered by James Murray (Labour) on Wednesday, 9 April 2025 on behalf of the Treasury.


Income Tax: Pensioners

Question

To ask the Chancellor of the Exchequer, pursuant to the Answer of 1 April 2025 to Question 40654 on Income Tax: Pensioners, what estimate she has made of the number of pensioners that will be affected in each year.

Answer

HMRC publish the number of income tax payers by age. This information can be found in Table 2.1 of the collated income tax liabilities statistics tables for the years up to 2024-25, available here: https://assets.publishing.service.gov.uk/media/66798d4797ea0c79abfe4b83/Collated_Income_Tax_liabilities_statistics_tables_-_2.1_to_2.6.ods. Data on future years will be published in the usual way.

As I set out in my previous answer, the Personal Allowance - the amount an individual can earn before paying tax - will continue to exceed the basic and full new State Pension in the coming tax year. This means pensioners whose sole income is the full new State Pension or basic State Pension without any increments will not pay any income tax.


Secondary information

Type
Written question
Reference
43160
Session
2024-26
Related items
Income Tax: Pensioners
Tuesday, 1 April 2025
Written questions
House of Commons
Subjects
Income tax Pensioners State retirement pensions
Legislation
Finance Act 2025
Finance Bill 2024-26
Contains statistics
Yes
Link
View this Written question on www.parliament.uk