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Income Tax Allowances

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Income Tax Allowances – UK

Allowances   2021/22 2022/23
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
Minimum MCA £3,530 £3,640
Blind person’s allowance £2,520 £2,600
Marriage allowance** £1,260 £1,260
PA income limit £100,000 £100,000
MCA income limit £30,400 £31,400
Dividend allowance £2,000 £2,000
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.

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