Nearly everyone living in the UK is entitled to a personal tax allowance – the amount of income you can receive each year without having to pay income tax on it. You may be entitled to a higher personal allowance if you’re aged 65 or over.
| Personal Allowances | 2009–10 and 2010–11 |
|---|---|
| Under 65 | £6,475 |
| 65 to 74 | £9,490 |
| 75 upwards | £9,640 |
| Age allowance limits* | £22,900 |
*The higher personal allowance paid to those people aged 65 and over is reduced for income at and above this level by £1 for every £2 of income until the extra age allowance rate comes down to the personal allowance for under 65s.
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Source:http://www.dummies.com/how-to/content/taxing-income-in-the-uk.html
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