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What are my allowances?
| 2016/17 | 2017/18 | 2018/19 | |
|---|---|---|---|
| Personal Allowance - Incomes up to £100,000 | £11,000 | £11,500 | £11,850 |
| Marriage Allowance | £1,100 | £1,150 | £1,185 |
| Blind Persons Allowance | £2,290 | £2,320 | £2,390 |
| 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, 2016/17 £8,355, 2017/18 £8,445 & 2018/19 £8,695, but only allowed as a 10% reduction to your tax bill on incomes below £27,700 2016/17, £28,000 2017/18 & £28,900 2018/19. This means that your tax bill will be reduced by up to £869.50, to nil, it cannot create a refund.
People on incomes over £37,970 2016/17 , £38,070 2017/18 & £39,570 will not receive the allowance.
Starting Rate for Savings - Only applies to those with taxable income under £16,000 16/17, £16,500 2017/18 & £16,850 2018/19. For more information please go to FAQ - Can you explain the 0% Starting Rate for Savings and the Personal Savings Allowance?
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