The petition to Parliament was started by Timothy Hugh Mason, saying: “Introduce new tax code for state pensioners with double the personal allowance.
“We want the government to introduce a new tax code for state pensioners, set at double the basic threshold. If this was implemented, pensioners would receive a higher tax-exempt limit, but wealthier pensioners would still pay tax. We think that people with small private or workplace pensions are currently being taxed unfairly.”
Once a petition reaches 10,000 signatures, the Government responds, and if 100,000 people sign, a debate in Parliament is considered.
This petition currently has 2,478 signatures, and signatures can still be added here .
What is the Personal Tax Allowance?
The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on.
It decreases if your income is over £100,000. For every £2 you earn over £100,000, you lose £1 of your tax-free Personal Allowance.
This amount has been frozen since 2021.
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The former Conservative Government froze the threshold until April 2028, rather than allowing it to rise with inflation and wage growth, meaning more people will go onto higher tax brackets.
If you’re married or in a civil partnership, you may be able to claim Marriage Allowance to reduce your partner’s tax if your income is less than the standard Personal Allowance.
If you do not claim Marriage Allowance and you or your partner were born before 6 April 1935, you may be able to claim Married Couple’s Allowance.
