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Tax Rates & Allowances

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Individuals

Personal Allowances

The standard personal allowance is £12,500 for 2019/20.

The transferrable 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:

2018/19 (£) 2019/20 (£) 2020/21 (£)*
Personal Allowances £11,850 £12,500 £12,500
Minimum married couples allowance £3,360 £3,450 £3,510
Maximum married couples allowance £8,695 £8,915 £9,075
Marriage allowance £1,190 £1,250 £1,250
Blind person's allowance £2,390 £2,450 £2,500
Income limit for allowances for Married couple’s allowance £28,900 £29,600 £29,600
Income limit for standard allowances £100,000 £100,000 £100,000
Personal allowance removed completely at: £123,700 £125,000 £125,000

*2020/21 figures were announced in the 2020 Spring Budget and are subject to enactment.

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