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Tax Rates & Allowances

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Individuals

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 £125,700

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

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