Tax Rates & Allowances
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Personal Allowances
The standard personal allowance is £11,850 for 2018/19. Autumn 2018 Budget announced that the allowance will rise to £12,500 from 6 April 2019.
The transferable marriage allowance applies from 6 April 2015 to couples (married or civil partners) where neither person pays tax at the 40% or 45% rates. The spouse who cannot use all their personal allowance against their own income may opt to transfer 10% of their personal allowance to their spouse or civil partner.
The personal allowance is tapered away for individuals who have income over £100,000, at the rate of £1 for every £2 of income above that threshold.
The allowances for recent years are as follows:
| 2017/18 (£) | 2018/19 (£) | 2019/20 (£)* | |
|---|---|---|---|
| Personal Allowances | £11,500 | £11,850 | £12,500 |
| Minimum married couples allowance | £3,260 | £3,360 | £3,450 |
| Maximum married couples allowance | £8,445 | £8,695 | £8,915 |
| Marriage allowance | £1,150 | £1,190 | £1,250 |
| Blind person's allowance | £2,320 | £2,390 | £2,450 |
| Income limit for allowances for Married couple’s allowance | £28,000 | £28,900 | £29,600 |
| Income limit for standard allowances | £100,000 | £100,000 | £100,000 |
| Personal allowance removed completely at: | £123,000 | £123,700 | £125,000 |
*2018/19 figures were announced in the 2017 Autumn Budget and are subject to enactment.
