Later in life

Tax in retirement

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

What's in this guide

Age-related tax allowances

Which? explains how the age-related tax allowance works and the factors that affect your tax-free allowance.

Married couple's allowance

Older people born before April 1935 may be eligible for Married Couple's Allowance. Which? explains how Married Couple's Allowance is calculated.

How to reduce your tax bill

We explain the best ways to reduce your tax bill if you're going over your age-related allowance and how to go about it.

Tax on pensions

Which? guides you through tax on pensions, from tax on state pension, tax on private pensions and tax on purchased life annuities.

Tax on additional income

Find out how much tax is payable on additional income that you might have, including tax savings accounts and tax on investment bonds

Which? works for you