Oral Answers to Questions

Debate between Alexander Stafford and Paul Maynard

Monday 13th May 2024 Commons Chamber

[Alexander Stafford (Rother Valley) (Con)]

15. What steps his Department is taking to support pensioners.

[The Parliamentary Under-Secretary of State for Work and Pensions (Paul Maynard)]

The state pension provides the foundation of support for older people. In the next year, we will fund more than £167 billion of benefits for pensioners—some 6% of GDP.

[Alexander Stafford]

Older people should be able to retire in comfort and dignity, which is why this Government created the triple lock and increased the state pension by 8.5% this year and 10.1% last year. However, many of my constituents are concerned about being taxed on those pensions, as the personal allowance has, in effect, been frozen for nearly five years. Will the Minister encourage the Chancellor to look again at the personal allowance and allow more pensioners to keep more of their well-deserved money?

[Paul Maynard]

As I am sure my hon. Friend is aware, it is this Government who have doubled the personal allowance since 2010. It is absolutely clear that those who rely solely on the state pension are not liable for income tax.