Taxability of the old age pension

Published on: 16 October 2023

Question type: Written

Asked by: Barbara Ward

Reference: WQ.394/2023

Answered by: Minister for Treasury and Resources

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WQ.394/2023

WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY B. WARD OF ST. CLEMENT

QUESTION SUBMITTED ON MONDAY 9th OCTOBER 2023 ANSWER TO BE TABLED ON MONDAY 16th OCTOBER 2023

Question

“Further to his response to Written Question 154/2022, wherein he states that he will review the issues around the taxability of old-age-pension income, will the Minister advise whether any work has been undertaken to investigate these issues, and if it has, what are the outcomes, and if not, when he intends to instigate a review into this matter?”

Answer

As stated in my response to Deputy B. Ward ’s Written Question 154/2022, I intend to review the issues around the taxability of the old age pension during my term of office. Although no work has been undertaken to-date, I will soon be finalising the tax policy priorities for 2024 and I can confirm that the issue raised by the Deputy will be taken into consideration