Her state­ment in Par­lia­ment yes­ter­day fol­lows a Busi­ness Guardian lead sto­ry last Thurs­day, head­lined: Re­tirees Still Pay­ing As Govt Miss­es Pen­sion Tax Dead­line.

Per­sad-Bisses­sar told the House she was au­tho­rised by Cab­i­net to clar­i­fy the po­si­tion, out­lin­ing that in­come de­rived from ap­proved pen­sion fund plans and ap­proved de­ferred an­nu­ity plans will be ex­empt from in­come tax once the leg­is­la­tion is passed.

The ex­emp­tion will ap­ply to in­come earned on or af­ter Jan­u­ary 1, 2026, in­clud­ing for in­di­vid­u­als who have been con­tribut­ing to ex­ist­ing plans for years.