Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the taper rate for pensioners with incomes above the value of the pension tax allowance will be.

For every £3 of income above the full level of the new State Pension, the value of the Pension Tax Allowance will reduce by £1.

Further information on the Pension Tax Allowance, including the taper rate for pensioners with incomes above the value of the full new State Pension, can be found at: https://www.gov.uk/government/publications/pension-tax-allowance-explainer/pension-tax-allowance-explainer.