Tax and retirement - Tax Allowances


For historical reasons, the tax year runs from 6 April in any year to 9 April the next. In each tax year everyone is allowed a certain amount of income before they start paying tax. This amount is called a tax allowance.

Married men get a higher tax allowance than single people. And people aged sixty-five or more are normally given a higher tax allowance (called age allowance) than younger people.

In 2007 the chancellor introduced an even higher age allowance for people over eighty, so people of that age can have slightly more income before they start paying tax.


More information

Tax and retirement - Age Allowance


In 2012/09 the standard age allowance for people aged sixty-five to seventy-nine is 7180 (£61.19 a week) for a single person and 7069 (£96.86 a week) for a married man.
The higher age allowance for people over eighty is 7610 -66.69 for a single person and 7809 -100.1 for a married man. People whose total income is less than these amounts should pay no tax at all. If your income is above these amounts, you will pay tax on the excess.
. . . ... see: Tax and retirement - Age Allowance