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Income limit for age-related income tax allowances
SallyG
Posts: 850 Forumite
in Cutting tax
Is spousal maintenance after divorce - tax free to the recipient - taken into account in determining whether the recipient's income exceeds the limit for age-related income tax allowances?
0
Comments
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Is spousal maintenance after divorce - tax free to the recipient - taken into account in determining whether the recipient's income exceeds the limit for age-related income tax allowances?
According to this page it can be ignored to tax purposes.
http://www.adviceguide.org.uk/index/your_money/tax_index_ew/taxable_and_non-taxable_income.htm0 -
Thanks -
I later found this:
http://www.hmrc.gov.uk/incometax/adjusted-net-income.pdf
"What is 'adjusted net income'?
Adjusted net income is the measure of income that is used for the calculation of
the income-related reductions to the Personal Allowance. It applies if you:
are aged 65 to 74
are aged 75 and over
have income above £100,000 (regardless of your age)
How to work out your adjusted net income
Adjusted net income is calculated in a series of steps.
Step One - work out your 'net income'
Your net income is the total of your income subject to Income Tax - "
I reckon I can be fairly sure my maintenance won't be included.0
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