Tax Rates & AllowancesBack to Tax Rates & 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 (£)*|
|Minimum married couples allowance||£3,220||£3,260||£3,360|
|Maximum married couples allowance||£8,335||£8,445||£8,695|
|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.