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Article ID: 785
Last updated: 06 Jun, 2024
In previous years, if you were 65 or over, you may have qualified for an additional age-related allowance on top of your personal allowance. Unfortunately for 2016/17, there is no additional allowance which can be claimed. See the table below for figures for 2016–17 and previous tax years. Your total income is, broadly, your gross income minus some outgoings that qualify for tax relief (payments to charity are probably the most common example). However, this allowance will be reduced if your total income exceeds the income limit (£27,700 in 2016–17). The reduction in the allowance is £1 for every £2 over this income limit. You will also start to lose your personal allowance if your net adjusted income is above £100,000. This reduction is also at the rate of £1 for every £2 over this limit.
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