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Tax Allowance from 65th Birthday
Planeman_2
Posts: 8 Forumite
in Credit cards
My apologies for what may be a simple point to answer but can any body confirm the following information please.
As the income tax allowance increases to £9,940 from the age of 65, at what point does this apply? As my wife's birthday is in May at the begining of the tax year, does she receive the increase allowance from her birthday, from the start of the tax year or in the following tax year.
My thanks in advance if you can help.
As the income tax allowance increases to £9,940 from the age of 65, at what point does this apply? As my wife's birthday is in May at the begining of the tax year, does she receive the increase allowance from her birthday, from the start of the tax year or in the following tax year.
My thanks in advance if you can help.
0
Comments
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"If you become 65 or 75 during the year to 5 April 2011, you are entitled to the full allowance for that age group."
http://www.hmrc.gov.uk/incometax/personal-allow.htm#10
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