US EditionUK's Sunak proposes tax cuts for pensioners in new election pledge
- The Conservatives pledge to cut taxes for pensioners with a new "age-related" tax-free allowance, known as "triple lock plus."
- Currently, pensioners can receive £12,570 annually tax-free, aligning with the personal allowance for workers.
- Rishi Sunak stated the move reflects support for pensioners, providing peace of mind in retirement.
30 Articles
30 Articles
UK’s Sunak proposes tax cuts for pensioners in new election pledge
British Prime Minister Rishi Sunak on Monday proposed tax cuts for millions of pensioners in his latest campaign pledge, highlighting the importance of older voters in the upcoming July election. Sunak’s Conservative Party said it would introduce a new age-related allowance and deliver a tax cut of around 100 pounds ($128) for each of 8 million pensioners in 2025, rising to almost 300 pounds a year by the end of the next parliament.
British Prime Minister Sunak has proposed tax cuts for millions of pensioners ahead of the elections in July.
UK's Sunak proposes tax cuts for pensioners in new election pledge
(Reuters) - British Prime Minister Rishi Sunak on Monday proposed tax cuts for millions of pensioners in his latest campaign pledge, highlighting the importance of older voters in the upcoming July election.
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