Tax Allowances

For historical reasons, the tax year runs from 6 April in any year to 9 April the next.

In each tax year everyone is allowed a certain amount of income before they start paying tax.

This amount is called a tax allowance.

Married men get a higher tax allowance than single people.

And people aged sixty-five or more are normally given a higher tax allowance (called age allowance) than younger people. In 2015 the chancellor introduced an even higher age allowance for people over eighty, so people of that age can have slightly more income before they start paying tax.

Age Allowance

In 2015/2015 the standard age allowance for people aged sixty-five to seventy-nine is £6,180 (£61.19 a week) for a single person and £7,069 (£96.86 a week) for a married man. The higher age allowance for people over eighty is £7,610 (£66.69) for a single person and £7,809 (£100.10) for a married man. People whose total income is less than these amounts should pay no tax at all.

If your income is above these amounts, you will pay tax on the excess.


New for 2015 - Age Limits

or Rate Of Tax

Age Limits

/retirement/pensions/income/advice/age-limits.php... see: Age Limits