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 2009/2010 tax year‚ which runs from April 6 2009 to April 5 2010. Tax rates and allowances for 2008/2009 are included in an appendix.
The information given applies only to individuals who are domiciled and ordinarily resident in the UK.
Further information
You can download Factsheet 15 from the top right corner of this page for detailed information.
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