Tax Rates & Allowances
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Personal Allowances
The standard personal allowance has been frozen at £12,570 for all years from 2021/22 to 2027/28.
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:
| 2020/21 (£) | 2021/22 (£)* | 2022/23 (£) | 2023/24 (£) | 2024/25 (£) | |
| Personal Allowances | £12,500 | £12,500 | £12,570 | £12,570 | £12,570 |
| Minimum married couples allowance | £3,450 | £3,510 | £3,530 | £4,010 | £4,280 |
| Maximum married couples allowance | £8,915 | £9,075 | £9,125 | £10,375 | £11,080 |
| Marriage allowance | £1,250 | £1,250 | £1,260 | £1,260 | £1,260 |
| Blind person's allowance | £2,450 | £2,500 | £2,520 | £2,870 | £3,070 |
| Income limit for allowances for Married couple’s allowance | £29,600 | £30,200 | £30,400 | £30,400 | £37,000 |
| Income limit for standard allowances | £100,000 | £100,000 | £100,000 | £100,000 | £100,000 |
| Personal allowance removed completely at: | £125,000 | £125,000 | £125,140 | £125,140 | £125,140 |