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Later in life

Tax and allowances for older people

  • Higher tax-free allowances for those aged 65 and above
  • Married couple's allowance explained
  • How much tax you'll pay on your retirement income

What's in this guide

Age-related tax allowances

Higher allowances that may apply when you are 65 or older

Married couple’s allowance

Allowances are different for older people who are married

Reducing your tax exposure

Potential ways to save tax on your retirement income

How pensions are taxed

How different sources of pension income are treated for tax 

Tax on additonal income

How tax is charged on additional income you receive