TaxBuddies

Age Allowance Calculator

A person who is over 65 qualifies for extra personal allowances on top of the standard rate. This additional amount is known as the Age Related Allowance.

However, as the allowance is reduced when income increases over a certain level, problems often arise with tax codes. A tax office does not always know the most up to date income, which may lead to an excessive allowance in your code. This in turn may cause a tax underpayment at the end of the year.

Using our age related tax allowance calculator, you can check whether your tax code shows the right amount.

Please fill in the form with the relevant details and click the 'Calculate' button at the bottom to see the result.
 

Fields marked with a * are mandatory
 

Tax Year & DOB
Tax year ended 5th April: *
Please select the period in which you where born: *
Are you married: * Yes No
Total Taxable Income
Enter your total taxable income for the tax year selected above, in £s.
Pay / Pension 1: *
Pay / Pension 2:
State pension:
Other Income:
Total Expenses
Enter your total expenses for the tax year, in £s.
Expenses:
Professional Subscriptions:
Whilst every effort has been made to ensure that the articles on MSN Money Tax Advice provide accurate and expert guidance, it is impossible to predict all the circumstances in which this information may be used. Accordingly, neither the publisher, author, MSN or TWD Accounts Limited shall be liable to any person or entity with respect to any loss or damage caused or alleged to be caused by the information contained in or omitted from articles on MSN Money Tax Advice. The law stated is that of England and Wales except where indicated otherwise.

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