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Glossary   >   A   >   "Age allowance" Definition            Age allowance An additional personal allowance and additional married couple"s allowance for people aged 65 to 74 which reduces their income tax. A further increase in age allowance is applicable for people aged 75 and over. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Age allowance - An additional personal allowance and additional married couple"s allowance for people aged 65 to 74 which reduces their income tax. A further increase in age allowance is applicable for people aged 75 and over.