General election: Tories announce 'Triple Lock Plus' pension allowance
The Conservatives pledge to raise the tax-free pension allowance by at least 2.5% a year if they win the election.
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The Conservatives pledge to raise the tax-free pension allowance by at least 2.5% a year if they win the election.
Over the past six months, the Conservatives have cut tax for working people as part of our plan to make sure that work always pays.
Under the 'Triple Lock Plus' Rishi Sunak is vowing to keep the policy that hikes payouts by whichever is highest out of inflation, average wage growth or 2.5 per cent.
Rishi Sunak says the pledge will prevent millions of pensioners from paying more tax
The age-related personal allowances for over-65s were phased out by austerity Chancellor George Osborne back in 2013 in a move described as a Tory 'granny tax'