Taxation of Pensioners

Treasury written statement – made on 23rd January 2013.

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Photo of David Gauke David Gauke The Exchequer Secretary

The Government launched the Office of Tax Simplification (OTS) in July 2010 to provide independent advice on simplifying the tax system.

The OTS has today published the final report of its review of the taxation of pensioners, commissioned by the Government on 5 July 2011.

The Government asked the OTS to carry out a two-stage review of pensioner taxation. The first stage of the review looked at the administrative and legislative complexities faced by pensioners and suggested key areas for further review. This was completed in March 2012 and the Government gave their response at Budget 2012.

The OTS has now completed the second stage of its review, focused on the key areas suggested in the first stage. The Government will make their response to this report at the appropriate time.

Electronic copies of the report have been placed in the Libraries of both Houses.