Politics · United Kingdom · 39 mins ago
Healey plans income tax protection for low-income pensioners
Chancellor Healey is expected to protect low-income UK pensioners from income tax in the Budget.
The plan is aimed at people whose income comes from the state pension.
People with even £1 of private pension income above their state pension may be excluded from the new tax treatment.
Healey's allies say the change would spare pensioners an administrative burden when they owe only a small amount of tax.
The Budget is expected to contain fewer major tax and spending announcements than recent budgets under Labour and Conservative governments.
The Budget is due to be published this evening, before Healey's speech on Wednesday lunchtime.
Chancellor Healey plans to shield low-income pensioners from income tax in the Budget.
His allies say the plan would spare pensioners an administrative burden to pay a small amount of tax.
People with even £1 of private pension income above their state pension appear set to be excluded from the new tax rate.
The Budget is due to be printed on the evening of 26 October, with Healey's speech expected on Wednesday lunchtime.
The sources do not specify the proposed tax rate or the income threshold for eligibility.
- Who
- Chancellor Healey and low-income pensioners.
- What
- Healey plans to shield some pensioners from income tax in the Budget. Those with even £1 of private pension income above their state pension appear set to be excluded from the new tax rate.
- When
- The Budget is due to be printed on the evening of 26 October 2026, with Healey's speech expected on Wednesday lunchtime.
- Where
- The UK.
- Why
- Healey's allies say the plan would spare pensioners an administrative burden to pay a small amount of tax.
This story does not have two clearly opposing sides.
The Budget is due to be printed in the evening.
Healey is expected to deliver his Budget speech.
- Chancellor
- Healey
- Affected group
- Low-income pensioners
- Private pension exclusion
- Even £1 above the state pension appears to exclude someone from the new tax rate
- Budget publication
- Due on the evening of 26 October 2026
- Budget speech
- Expected Wednesday lunchtime
3 sources
What people are saying
ease the huge tax burden weighing people down
make the UK affordable