Robert Teague

NEWS: The Chancellor @RachelReevesMP confirmed to me tonight in @itvMLshow that those whose only income is the State Pension will NOT PAY INCOME TAX - not just they won't do self assessment, there will be no tax to pay during this parliament. This is important as the pension triple lock means the State Pension must rise by at least 2.5% each year. So from 2027 someone whose only income is the full new state pension will earn more than the personal allowance (the amount earnable each year before you pay tax) - so tax would be due. Here is a transcript. ML: Rebecca, says ‘does my 85 year old father, who's living with dementia now have to complete a tax return as his state pension will take him over the personal allowance?’ RR: So if you just have a state pension and you don't have any other pension, we are not going to make you fill in a tax return. ML: Of any type or? RR: Yes. And so I make that commitment for that, for this Parliament. You're right. 2027 looks like the time that it will, cross over. We are working on a solution, as we speak, to ensure that we're not going after tiny amounts of money. ML: but people will have to pay the tax. They just won't have to do a return or will they not have to pay the tax? RR: in this Parliament they won't have to pay the tax. You know, further out about to make any commitments, on that. But we're looking at a simple workaround at the moment. ML: Okay. So I hadn't actually got that from budget. So that's really good to have clarity that they won't be paying the tax. This is far more than was said in the budget speech which was just about not doing an assessment. I went on to ask about edge cases "those who have £50/yr of income" and she said she couldn't make the same promise in those cases, it was only for people with no other income.

@harrym_vids @YouTube Sorry Harry. As a regular viewer of both of your channels this is disappointing. I have no interest in purely electric cars. I stopped watching once you described what the content was about. I suspect I am not alone.