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DWP urged to bring in £25,000 personal allowance for all state pensioners - Liverpool Echo
Campaigners urge doubling the tax-free personal allowance for state pensioners from £12,570 to £25,140 to prevent income tax on pensions, with over 17,000 petition signatures.
- Campaigners urged the Department for Work and Pensions to double the personal allowance for state pensioners to £25,140 a year, with a petition reaching over 17,000 signatures.
- With the standard personal allowance at £12,570, the full new state pension of £11,973 a year is about £600 below the allowance, so state pensioners could soon face income tax.
- If the petition hits 10,000 signatures, the Government must respond and if it reaches 100,000, the matter may be debated in Parliament; Timothy Hugh Mason asks for a new tax code where wealthier pensioners still pay tax.
- The Department for Work and Pensions responded that raising the personal allowance would be `expensive` and complicate the tax system, adding the Government has no plans to exempt the state pension.
- Advocates point to a personal allowance freeze that has pushed people with small private or workplace pensions into higher tax brackets, increasing pressure for reform.
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