Call Us: 01603 630882

Income Tax Rates and Allowances

Income Tax Allowances

Income Tax allowances

2017-18

2018-19

Personal Allowance for people born after 5 April 1948 (1)

£11,500


£11,850

Income limit for Personal Allowance

£100,000

£100,000

Personal Allowance for people born between 6 April 1938 and 5 April 1948 (2)

£11,000

£11,850

Personal Allowance for people born before 6 April 1938 (2)

£11,000

£11,850




Married Couple’s Allowance - maximum amount (3)

£8,445

£8,695

Married Couple’s Allowance - minimum amount (3)

£3,260

£3,360

Blind Person's Allowance

£2,320

£2,390

  1. The Personal Allowance goes down by £1 for every £2 of income above the £100,000 limit. It can go down to zero.
  2. This Personal Allowance goes down by £1 for every £2 above the income limit. It won’t go below the standard Personal Allowance for that year.
  3. May be available for couples where one partner was born before 6 April 1935.

Income Tax rates and Taxable Bands

Rate

2017-18

2018-19

Starting rate for savings: - 0% from 2015 to 2016

Up to £5,000

Up to £5,000

Basic rate: 20%

Up to £33,500

Up to £34,500

Higher rate: 40%

£33,501 to £150,000

£34,501 to £150,000

Additional rate: 45%

Over £150,000

Over £150,000

For more information, visit the HMRC website:

​HMRC Income Tax Rates and Allowances

Reproduced under the Open Government License -

http://www.hmrc.gov.uk/copyright/