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Pensioners Tax Free Credit

  • 21-11-2022 11:13am
    #1
    Elder1
    Registered Users Posts: 1 ✭


    Pensioners have a tax free allowance of 36,000. This limit has not been increased for several years. Can anyone tell me when this 36,000 limit was first introduced?



Comments

  • #2
    SureYWouldntYa
    Registered Users, Registered Users 2 Posts: 7,774 ✭✭✭SureYWouldntYa


    It's 36k for a couple, and 18k for a single person

    I am of no help when it comes to when it was introduced, just wanted to note that



  • #3
    Jim_Hodge
    Registered Users, Registered Users 2 Posts: 11,250 ✭✭✭✭Jim_Hodge


    I believe it went to €36000 for a couple in 2018



  • #4
    coylemj
    Registered Users, Registered Users 2 Posts: 25,494 ✭✭✭✭coylemj


    Pedantic correction: it’s not a tax-free allowance, it’s an exemption threshold - you pay no tax if your income does not exceed that number. But if your income is above that number, normal taxation applies.

    In fact, since the introduction of tax credits, there is no longer such a thing as a tax-free allowance.



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