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Age-related allowances

Age-related allowances

 

  • From 2013/14, age-related allowances are being phased out, the aim is to remove the allowances for those born before the 6th April 1948, when the allowance for those born after the 5th April 1948 catches up;

 

  • The dates of birth will be fixed, so people will not move from the £10,500 allowance to the £10,600 allowance.  The income limits and tapers will stay in place.