Tax Rates & AllowancesBack to Tax Rates & 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 (£)*|
|Minimum married couples allowance||£3,360||£3,450||£3,510|
|Maximum married couples allowance||£8,695||£8,915||£9,075|
|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.