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Over 65 age related tax allowance
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FOREVER21
Posts: 1,729 Forumite
in Cutting tax
I have read that for 2013/14 tax year the age related tax allowance is frozen at the current amount of £10500. What I can not find is whether the earnings limit of £25000, is to be frozen also or whether this is rising with cpi ?
Can anyone help?
Can anyone help?
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Normally the income limit for the ARA is announced in the actual budget in March/April.I have read that for 2013/14 tax year the age related tax allowance is frozen at the current amount of £10500. What I can not find is whether the earnings limit of £25000, is to be frozen also or whether this is rising with cpi ?
Can anyone help?
I should imagine though that as he has decided to freeze the allowance until such a time as the PA catches up to it, the income limit will also be frozen so as not to provide any further relief.[SIZE=-1]To equate judgement and wisdom with occupation is at best . . . insulting.
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