Income Tax Allowances – UK
|Personal allowance (PA)*||£12,570||£12,570|
|Married couple’s allowance (MCA) Ø||Spouse/civil partner born before 6.4.1935||£9,125||£9,415|
|Blind person’s allowance||£2,520||£2,600|
|PA income limit||£100,000||£100,000|
|MCA income limit||£30,400||£31,400|
|Personal savings allowance||Basic rate tax taxpayers||£1,000||£1,000|
|Higher rate taxpayers||£500||£500|
* PA reduces by £1 for every £2 adjusted net income exceeds PA income limit.
ø MCA relief at 10% if at least one spouse/civil partner born before 6.4.1935. Reduces by £1 for every £2 adjusted net income exceeds MCA income limit, but not below minimum.
** One spouse/civil partner can transfer up to 10% of their PA to the other, provided neither is liable to tax above the basic rate.