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Personal Allowance
Zambo
Posts: 12 Forumite
Is personal allowance strictly based on age, or is it linked to retirement in anyway?
e.g woman born 1951 so retirment not at 60 but 61, does she have to wait until 65 until she gets allowance, currently £10,500 or can she get this before?
e.g woman born 1951 so retirment not at 60 but 61, does she have to wait until 65 until she gets allowance, currently £10,500 or can she get this before?
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Comments
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It's age. But in the last budget the govt said they'll abolish the age allowances for people who haven't reached 65 yet, though they seemed to have u-turned on most other stuff in the budget...0
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Even before the budget announcement, age allowance didn't kick in until the tax year when you (man or woman) became 65.
http://www.ion.icaew.com/TaxFaculty/242660
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