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taxvol@taxvol.org.uk
What are my allowances?
| 2017/18 | 2018/19 | 2019/20 | |
|---|---|---|---|
| Personal Allowance - Incomes up to £100,000 | £11,500 | £11,850 | £12,500 |
| Marriage Allowance | £1,150 | £1,190 | £1,250 |
| Blind Persons Allowance | £2,320 | £2,390 | £2,450 |
| Starting Rate for Savings | £5,000 | £5,000 | £5,000 |
| Personal Savings Allowance - Basic rate tax payer | £1,000 | £1,000 | £1,000 |
| Personal Savings Allowance - Higher rate tax payer | £500 | £500 | £500 |
Married Couples Allowance - You are eligible where at least one of you was born before 6th April 1935, 2018/19 £8,695 and 2019/20 £8,915, but only allowed as a 10% reduction to your tax bill on incomes below £28,900 2018/19 and £29,600 2019/20. This means that your tax bill will be reduced by up to £891.50, to nil, it cannot create a refund.
People on incomes over £39,570 2018/19 and £40,530 2019/20 will not receive the allowance.
Starting Rate for Savings - Only applies to those with taxable income under £16,850 2018/19 or £17,500 2019/20.
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