Tax Rates & AllowancesBack to Tax Rates & 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 (£)*|
|Minimum married couples allowance||£3,260||£3,360||£3,450|
|Maximum married couples allowance||£8,445||£8,695||£8,915|
|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.