This factsheet gives basic information about Income Tax for older people. It explains tax rates, the main types of income that are not taxable and tax allowances. It also outlines how different sorts of income are taxed and includes some examples of how tax bills are worked out. The figures in this factsheet are correct for the 2014/15 tax year, which runs from 6 April 2014 to 5 April 2015.
The information in this guide applies only to individuals who are domiciled and resident in the UK.

Publisher: Age UK
Published Date: 2015
Author: Age UK
Length: 19pp