Age Relief

Age Relief

A standard tax deduction in the United Kingdom for persons and married couples over the age of 65. That is, age relief is the income of older persons that is not considered income for tax purposes; only income over the age relief is taxable. The age relief amount increases at age 75.
References in periodicals archive ?
Capitol during a Youth Unemployment Rally demanding a Teen Age Relief Program (TARP) to demonstrate before national, state and local government officials that teens are "sinking" due to record-level lows in teen employment rates.
Like the national banks who received bailouts when they were sinking through the Troubled Assets Relief Program (TARP), youth need a TARP - the Teen Age Relief Program," said Jack Wuest, executive director, the Alternative Schools Network, a Chicago-based network of schools working with teens that have re-enrolled in school.
MAKING THE CASE FOR A TEEN AGE RELIEF PROGRAM (TARP) BAILOUT FOR EMPLOYMENT