Later in life

Tax in retirement

  • How much tax you'll pay on your retirement income
  • Higher tax-free allowance for those born before 5 April 1938
  • Married couple's allowance explained

What's in this guide

Age-related tax allowance

Which? explains how the age-related tax allowance ends in 2016 and who it applies to for 2015-16.

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 your state pension, tax on a private pension and tax on a lump sum under the 2016 rules.

Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.