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Age-related allowance
juliep
Posted: 20 September 2010 13:20:37(UTC)
#1

Joined: 22/07/2006(UTC)
Posts: 2

I'm trying to find out which types of savings/investment income are excluded when assessing income for age-related allowance clawback which currently starts when your income exceeds £22900. My husband is retiring shortly and his company pension is going to be slightly above this figure. We also have a number of investments which produce income including stocks and shares and cash isas, investment bonds from insurance companies and investment trusts outside an ISA. I believe cash ISA income is not used in the assessment but am not sure about the other investments. Obviously we want to position our investments so we can avoid this clawback if possible. I'd be grateful if anybody has any advice on this subject
Anonymous Post
Posted: 20 September 2010 15:14:06(UTC)
#2
Anonymous 1 needed this 'Off the Record'

http://www.litrg.org.uk/...s/allowances.cfm#higher

Is the best guide I can find. the main HMRC website does not provide a list.

Calling the HMRC or DWP could be useful
juliep
Posted: 20 September 2010 21:42:57(UTC)
#3

Joined: 22/07/2006(UTC)
Posts: 2

Thanks for the info. It looks useful.
Lairdolossie
Posted: 03 October 2010 15:58:02(UTC)
#4

Joined: 03/10/2010(UTC)
Posts: 3


Basically any source which does not need to be reported in a Tax Return!
If your own tax allowances are not fully utilised, then consider transferring portion of investments into your name.
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