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Income and tax

Our income and tax section includes information and advice on a range of issues, including council tax and equity release. Find out more about...

  • Council Tax

    Council Tax is a property-based tax paid to local authorities. Find out whether you're eligible for a discount or exemption on your Council Tax bill.

  • Income Tax

    If your income is over a certain amount, you'll have to pay Income Tax on it, but not all income is taxable. You may qualify for tax reliefs to reduce the amount of tax you pay.

  • Equity release

    Equity release is a way of releasing cash from your home without having to move – but it comes with certain risks so it's important to get specialist advice before making any decisions.

  • Inheritance tax

    Inheritance Tax (IHT) may have to be paid on an estate if it's worth more than the tax-free threshold, but there's no IHT to pay on estates left entirely to a spouse or charity.

How to boost your income in retirement

Age UK gives its tips on how to boost your income in retirement, including advice on tracing lost money, lowering your energy bills, claiming benefits, and direct debits and standing orders.

Get face-to-face advice at your local Age UK

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6 ways to reduce your Council Tax

Did you know that you could get a 25% discount on your Council Tax if you live alone? It's one of many ways you could reduce your bill.

Start saving money

Sir Naim Dangoor

We are grateful for the generous support of the late Sir Naim Dangoor, CBE, and the Exilarch's Foundation.

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We offer support through our free advice line on 0800 678 1602. Lines are open 8am-7pm, 365 days a year. We also have specialist advisers at over 120 local Age UKs.

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