Increase in Personal Allowance for Persons in Receipt of Pension Income

The Prime Minister and Minister of Finance the Honourable Mia Amor Mottley, S.C., M.P., during the Budgetary Proposals and Financial Statement on March 14 2023, announced that, “for income year 2023, the personal income tax allowance for pensioners is increased from $40,000 to $45,000.”

Policy Note for Increase in Personal Allowance for Persons in Receipt of Pension Income