Tax for Retired People

Tax does not stop when you retire, no matter how old you are. But you will not have to pay National Insurance contributions if you work past State Pension age. Once you retire, there could be more in the way of tax-free income because there are extra income tax allowances when you reach 65 and 75. But broadly how much tax you pay depends on your income. Just as it has always done.

HM Revenue and Customs publish leaflet IR121 which covers in general terms what most people might want to know as they get close to retiring.

For leaflet IR121 click here