Income Tax Rates

Income Tax allowances table

Income Tax allowances

2011-12

2012-13

2013-14

Personal Allowance (1)

£7,475

£8,105

N/A

Personal Allowance for people born after 5 April 1948 (1)

N/A

N/A

£9,440

Income limit for Personal Allowance

£100,000

£100,000

£100,000

Personal Allowance for people aged 65-74 (1)(2)

£9,940

£10,500

N/A

Personal Allowance for people born between 6 April 1938 and 5 April 1948 (1) (2)

N/A

N/A

£10,500

Personal Allowance for people aged 75 and over (1)(2)

£10,090

£10,660

N/A

Personal Allowance for people before 6 April 1938 (1) (2)

N/A

N/A

£10,660

Married Couple's Allowance (born before 6th April 1935 and aged 75 and over) (2) (3)

£7,295

£7,705

£7,915

Income limit for age-related allowances

£24,000

£25,400

N/A

Income limit for the allowances for those born before 6 April 1948

N/A

N/A

£26,100

Minimum amount of Married Couple's Allowance

£2,800

£2,960

£3,040

Blind Person's Allowance

£1,980

£2,100

£2,160

 

1. The Personal Allowance reduces where the income is above £100, 000 - by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age.

2. These allowances reduce where the income is above the income limit by £1 for every £2 of income above the limit. The Personal Allowance for people aged 65 and over (up to and including 2012-13) and born before 6 April 1948 (from 2013-14) can be reduced below the basic Personal Allowance where the income is above £100,000.

3. Tax relief for the Married Couple's Allowance is given at the rate of 10 per cent.

 

The information on this page is for guidance only. Professional advice should be obtained before acting on any information contained.