tinabee Posted January 25, 2012 Share Posted January 25, 2012 Some of you may know that UK personal allowances increase when you reach age 65 (and again at 75). What is often not made clear is that the increase applies to the whole tax year in which you reach 65 (or 75). There is a very good article here on the best way to get your tax allowances increased at the start of the tax year so that you benefit from them straight away and do not have to claim refunds. There are also worked examples to help you calculate whether you are getting the right allowances.http://www.litrg.org.uk/pensioners/life-events/coming-up-retirement/tax-code-retireThis situation applies to everyone receiving (or about to receive) a UK state pension who also have other UK income. Link to comment Share on other sites More sharing options...
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