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What are my allowances?

 

2018/19 2019/20 2020/21
Personal Allowance  - Incomes up to £100,000  £11,850  £12,500 £12,500
Marriage Allowance  £1,190  £1,250 £1,250
Blind Persons Allowance  £2,390  £2,450 £2,500
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, but only allowed as a 10% reduction to your tax bill on incomes below £28,900 2018/19, £29,600 2019/20 or £30,200 2020/21. This means that your tax bill will be reduced by up to £907.50, to nil, it cannot create a refund.

Starting Rate for Savings - Only applies to those with taxable income under £17,500 2020/21.

 

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