Calls for UK Government to raise Personal Allowance to protect pensioners

Calls for UK Government to raise Personal Allowance to protect pensioners View 2 Images

Independent MP James McMurdock has asked the UK Government if it plans to review the Personal Allowance threshold to "prevent pensioners paying income tax". The Personal Allowance has been frozen at £12,570 since 2021 and earlier this year, the Labour Government confirmed it will remain at that level until April 2028.

However, the New State Pension is on track to exceed the Personal Allowance by April 2027, and if the uprating next year is determined by the earnings growth figure of 4.8 per cent, it will leave pensioners with just £23 income wiggle room before they need to pay tax, reports the Daily Record .

In a written response to the South Basildon and East Thurrock MP, Torsten Bell - who