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UK pensioners' tax allowance could double to £25,140 amid calls to ease cost-of-living pressures.
A parliamentary petition has called on the UK's Labour government to double the personal income tax allowance for state pensioners to £25,140, arguing current rules unfairly tax retirees with modest incomes.
The proposal aims to ease financial pressure amid high living costs, as pensioners’ State Pension reduces their available tax-free allowance despite not being taxed directly.
While the Department for Work and Pensions has not committed to changes, citing fiscal constraints, the petition has drawn over 1,000 signatures and reflects growing demand for tax reform tailored to older adults.
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El subsidio fiscal de los pensionistas del Reino Unido podría duplicarse a £25,140 en medio de llamados para aliviar las presiones del costo de vida.