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Tax Allowances: Pensioners

Volume 458: debated on Thursday 29 March 2007

To ask the Chancellor of the Exchequer if he will hold discussions with HM Revenue and Customs on changing the personal allowance threshold for pensioners. (130113)

At PBR, the level of the special age-related income tax allowances for 2007-08 was announced. These were increased in line with inflation to £7,550 for those aged 65-74 and £7,690 for those aged 75 and over. This year’s Budget announced that the age-related income tax allowances will rise by £1,180 above indexation in April 2008 and that by April 2011 no pensioner aged 75 or over will pay any tax until their income reaches £10,000 a year.