The e-petition against the government's decision to freeze the personal tax allowance for people aged 65 and over has attracted more than 100,000 signatures.
When an e-petition receives 100,000 signatures or more, the issue it describes is considered by a backbench committee for Parliamentary debate. In his 2012 Budget, Chancellor George Osborne announced that from April this year the government will freeze the personal allowance at £10,500 for those born between 1938 and 1948, and at £10,660 for people born before 1938. This is alongside plans to raise the personal allowance for people of working age to £10,000 over the next few years, effectively phasing out the pensioner benefit. The petition was set up by an individual but backed an...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes