pension

smudger1946

Hi,
65 yr old woman will i get ta relief now i am this age?

seven-day-weekend

Your tax-free allowance goes up to nearly £10k I believe. I don't know the exact figure, sorry.

CLAPTON

smudger1946 wrote: »

Hi,
65 yr old woman will i get ta relief now i am this age?

you already had a tax alowance of 6475 per annum
at 65 the allowance increases to 9,490 per annum for total income up to 22,900
after that the age allowance decreases by £1 for every £2 of income until it falls to 6475

dunstonh

On the assumption you are talking about tax relief and not personal allowances (which are covered above)......

You can get tax relief right up until age 75 (and the proposals coming in for next year should see tax relief continue beyond age 75.

Cautious_Investor_3

Hi

Further to dunstonh's post, i too assume you are talking about tax relief on pensions.

He is right, subject to any new regulations which may come in force over the next few months, you can stil get tax relief on pension contributions as a 65 year old. You can make contributions and get tax relief up to an amount equal to your earnings.

If you have no earnings from memory you could make a £2,800 pension contribution and still get tax relief taking the gross contribution to £3,600.

I hope this helps.

The Cautious Investor