Coming of age

There are some good points about reaching age 75. For example you become entitled to an increased personal allowance. Indeed from April this year the allowance is to be £9,180 compared to the more modest £5,435 available to most of the working population. With the seemingly never ending stream of reports about improvements in mortality, it is something more and more of us can look forward to. However, it is not all good news as reaching 75 has some major implications on the benefits that can be paid from a pension scheme. Quite why age 75 is so special is not clear, but successive Gover...