Income Tax: Pensioners

(asked on 1st April 2025) - View Source

Question to the HM Treasury:

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.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 9th April 2025

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.

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