Personal Tax threshold still froe

It is nice to have a 'fairly good' increase in State pensions. But still the ogre of the Personal Allowance continues to appear. Even a paltry rise of £500 would be a token in the right direction. 
I expect that if things don't go well for the Government in the next few months,  shortly before the next Election, Hunt ( of who may be the next chancellor!) will announce the freeze has been  cancelled.

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  • af1963
    af1963 Posts: 189
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    My guess would be that the limit will remain frozen until it exactly matches the full new state pension, and will then increase in line with that. Avoids pensioners complaining about being deprived of part of their triple lock increase by having it taxed.
  • Flugelhorn
    Flugelhorn Posts: 5,426
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    absolutely zilch from the  autumn statement (no state pension) - no tax cut on my other pension humph
  • Sea_Shell
    Sea_Shell Posts: 9,214
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    edited 22 November 2023 at 3:52PM
    absolutely zilch from the  autumn statement (no state pension) - no tax cut on my other pension humph

    Nowt for me either.   But at least the annual SP increases are "baked in" for when I eventually get it.... in 2038


    ETA - ISA changes might be of help, being able to split deposits across providers 
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.47% of current retirement "pot" (as at end February 2024)
  • MikeJXE
    MikeJXE Posts: 3,033
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    It is nice to have a 'fairly good' increase in State pensions. But still the ogre of the Personal Allowance continues to appear. Even a paltry rise of £500 would be a token in the right direction. 
    I expect that if things don't go well for the Government in the next few months,  shortly before the next Election, Hunt ( of who may be the next chancellor!) will announce the freeze has been  cancelled.
    You could be right there 

    Whatever happens next I don't think will be enough to get them over the line at the next GE

    The mess the country is in is mostly down to them and they need punishing 

    I have always voted conservative but not next time
  • xylophone
    xylophone Posts: 43,884
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    edited 22 November 2023 at 8:06PM
    Avoids pensioners complaining about being deprived of part of their triple lock increase by having it taxed.


    It strikes me that if somebody has a full NSP in 2024, it would only take a very modest additional income (annuity perhaps or very small workplace pension of  just under £100  a month) to take him into basic rate tax.
  • MikeJXE
    MikeJXE Posts: 3,033
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    xylophone said:
    Avoids pensioners complaining about being deprived of part of their triple lock increase by having it taxed.


    It strikes me that if somebody has a full NSP in 2024, it would only take a very modest additional income (annuity perhaps or very small workplace pension of  just under £100  a month) to take him into basic rate tax.
    Thats very true I have state pension plus £1250 annual work place pension and pay tax to the tune of about £250 per year, it's been going up for the last couple of years 
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