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Tax Rates & Allowances

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Individuals

Personal Allowances

The standard personal allowance is £11,500 for 2017/18. Autumn 2017 Budget announced that the allowance will rise to £11,850 from 6 April 2018.

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:

2016/17 (£) 2017/18 (£) 2018/19 (£)*
Personal Allowances £11,000 £11,500 £11,850
Minimum married couples allowance £3,220 £3,260 £3,360
Maximum married couples allowance £8,335 £8,445 £8,695
Marriage allowance £1,100 £1,150 £1,185
Blind person's allowance £2,290 £2,320 £2,390
Income limit for allowances for Married couple’s allowance £27,700 £28,000 £28,900
Income limit for standard allowances £100,000 £100,000 £100,000
Personal allowance removed completely at: £122,000 £123,000 £123,700

*2018/19 figures were announced in the 2017 Autumn Budget and are subject to enactment.

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