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Higher Tax Allowance
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brovahelpa
Posts: 168 Forumite
in Cutting tax
It has been anounced that the basic tax allowance is to increase by £1000 to £7490. There has been no mention of the higher rate for the over 65's. Does anyone know if the same increase applies to this age group.
Thanks
Thanks
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Comments
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The £1000 increase to £7475 for the basic allowance is exceptional.
The age related allowances are indexed still - and the increases (£450 on each ..... over 65 and over 75) were announced several weeks ago. Listed on the HMRC site here:
http://www.hmrc.gov.uk/rates/it.htmIf you want to test the depth of the water .........don't use both feet !0
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