Page 16 | To be annoyed pensioners effectively now get a bigger personal allowance

AutumnLeavesandKnittedJumpers · 26/11/2025 16:49

thankgoditssaturday · 26/11/2025 16:48

There must be an awful lot of younger people on Mumsnet that don’t have elderly parents or grandparents. I often think they are talked about like another species. No just older versions of themselves that started working at 16 and have worked continuously for 50 years.

My parents are older. My dad is a pensioner.

I feel the same way.

AutumnLeavesandKnittedJumpers · 26/11/2025 16:48

pigmygoatsinjumpers · 26/11/2025 16:41

Instead of being "enraged" why don't you clearly set out what was said today in Parliament? You have a legal degree, yes?

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I am allowed my own opinions, regardless of my education history.

I am sick to death of being shafted in order to pay state pensions. When I am at pension age it won’t exist!

thankgoditssaturday · 26/11/2025 16:48

There must be an awful lot of younger people on Mumsnet that don’t have elderly parents or grandparents. I often think they are talked about like another species. No just older versions of themselves that started working at 16 and have worked continuously for 50 years.

itsthetea · 26/11/2025 16:48

State pension is only not taxable because it’s not enough to be taxable - although actually it looks like it may just creep into being over the tax allowance soon pulling more pensioners into paying tax / but hey let’s pretend th pensioners are getting away with something so we can get angry and feel upset and hard done by

gerispringer · 26/11/2025 16:47

The state pension isn’t taxed at source, it’s added to any other income you get and the total is taxed. So, if I get £10k pa Sp plus £10k pa private pension then my income is £20k and I pay tax on that £20k ( less the usual personal allowance) same as anyone else. If you only get the sp then it’s not taxed but it’s a tiny amount and not exactly living it large.

pigmygoatsinjumpers · 26/11/2025 16:46

I've never witnessed so much frothing at the mouth and vitriol from posters who are unable to set out clearly what was actually said in Parliament, today.

user836367392 · 26/11/2025 16:45

Bashing the old again!!! Your time will be here soon enough!??

Chersfrozenface · 26/11/2025 16:45

Many pensioners now will spend almost as long retired as employed.

Eh?

You have to have 35 years of NI contributions to get the full state pension. Average length of life after pension age of 66 is 21 years for women and 19 years for men.

StewkeyBlue · 26/11/2025 16:45

WRT to the age difference in ISA allowance;

Possibly because to be confident of a better return on S&S ISAs you need to be able to invest for 5 years.

Pensioners might die or need the money quickly.

milveycrohn · 26/11/2025 16:43

Someone mentioned the winter fuel payment, which has sort of been reinstated. But it will now be on your tax record, so if your total pension / income is above the threshold it will be taken back in tax.

As regards the State Pension, it already IS subject to tax, it's just that so far, it's been less than the personal allowance. So if you have other pensions it is taken into account and your tax codes are adjusted.

Currently, there is no mechanism for deducting tax on the state pension itself. I have not studied the details, but I am assuming it means that if your only income is the state pension, the cost of adjusting it to take a minimal amount of tax, is probably not worth the effort.

lazyarse123 · 26/11/2025 16:43

AutumnLeavesandKnittedJumpers · 26/11/2025 16:39

But your state pension is no longer taxable.

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It never has been. But is counted towards personal allowance.

Sexentric · 26/11/2025 16:43

FlightBeforeXmas · 26/11/2025 16:35

I haven’t misunderstood or got the thread title wrong. My point is that surely the personal allowance should be the same for pensioners and working people.

Well of course it should. Obviously. And if it isn't its just a bribe for more pensooner votes. Nothing "fair" about it

lazyarse123 · 26/11/2025 16:42

Fml it didn't take long for sticking the boot in to pensioners. State pension has never been taxed because it is less than the personal allowance.
But and this is the important bit pensioners will pay tax on anything above that allowance same as people who are still working.

EmeraldRoulette · 26/11/2025 16:42

@FlightBeforeXmas are you saying that state pension won't be counted as part of personal tax-free allowance?

That didn't come across to me at all, and I'm not convinced it's correct.

pigmygoatsinjumpers · 26/11/2025 16:41

AutumnLeavesandKnittedJumpers · 26/11/2025 16:39

But your state pension is no longer taxable.

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Instead of being "enraged" why don't you clearly set out what was said today in Parliament? You have a legal degree, yes?

pinklilys · 26/11/2025 16:39

Mumsknot · 26/11/2025 14:33

I guarantee when we are pensioners, the tide will turn and we will get totally shafted

Like I’ve been shafted? No free child care for me when I had mine, pension age rose just as I was getting with spitting distance of it, I will have worked over 50 years by the time I get it, and I’ve paid in all that time. Every generation thinks they’ve got it the worse.

AutumnLeavesandKnittedJumpers · 26/11/2025 16:39

Boomer55 · 26/11/2025 16:36

As a pensioner, I’m paying tax, I’ve never not paid tax since I was 16.🤷‍♀️

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But your state pension is no longer taxable.

AutumnLeavesandKnittedJumpers · 26/11/2025 16:39

I am enraged.

I am sick to death of them being handed everything. Every fucking thing is handed to them on a platter.

pigmygoatsinjumpers · 26/11/2025 16:39

FlightBeforeXmas · 26/11/2025 16:35

I haven’t misunderstood or got the thread title wrong. My point is that surely the personal allowance should be the same for pensioners and working people.

Why don't you set out for us what has actually been said by the Chancellor, today?

zacsGranny · 26/11/2025 16:38

FlightBeforeXmas · 26/11/2025 16:35

I haven’t misunderstood or got the thread title wrong. My point is that surely the personal allowance should be the same for pensioners and working people.

So show me where it says this. I'm a pensioner and my tax allowance is £12,570. What's yours?

UtterlyOtterly · 26/11/2025 16:37

I agree that pensioners will do better than some, but many are also in a position to help others. Either younger family members or the wider community.

We are not all selfishly hoarding our wealth.

Boomer55 · 26/11/2025 16:36

FlightBeforeXmas · 26/11/2025 14:07

So because of the fiscal drag from not increasing personal allowances the chancellor has announced basic state pension will not be taxable.
So if you earn this amount you pay tax on it despite having the extra costs of working.
Pensioners are also much more like to own their homes.
How on earth does this make any sense?

As a pensioner, I’m paying tax, I’ve never not paid tax since I was 16.🤷‍♀️

Original poster

FlightBeforeXmas · 26/11/2025 16:35

I haven’t misunderstood or got the thread title wrong. My point is that surely the personal allowance should be the same for pensioners and working people.

OP posts:

SpoonBaloon · 26/11/2025 16:34

pigmygoatsinjumpers · 26/11/2025 16:25

Government has recognised that over 65s may be more cautious about investing in stocks and shares.

Some of us rely on annual income from savings to boost our pensions and would not wish to potentially jeopardise that security.

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So? The same applies to me but clearly I have to suck it up. When the inevitable crash arrives in the next 18 months when the AI bubble bursts I might lose it all. But that’s ok apparently.

This, combined with the triple lock remaining and the winter fuel allowance being protected whilst salary sacrifice is hit with NI contributions is frankly an insult to the working population.

Changename12 · 26/11/2025 16:31

We do not yet know the full details of this yet and I doubt very much if they have been worked out. I think this would only apply to people who only get the state pension and nothing else.