the directgoc web site states that tax allowance for ages 65-75 is £9940 yet my wife has a tax code notice in feb 2011 that states allowance is £7475 can anyone clarify ??
It depends whether she is already 65. If she is still 64 but becomes 65 during the tax year the higher allowance will not come into effect until her 65th birthday, so her code for the first tax year would later change and reflect the appropriate part of the allowance