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Accountants and Tax Advisers in Norwich. Get help with your tax return: 01603 630 882|info@norwichaccountancyservices.co.uk
Income Tax Rates & Allowances2018-12-14T12:56:16+00:00

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)

£11,500

£11,850
Personal Allowance for people born before 6 April 1938 (2)

£11,500

£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/

To get help with your tax return contact us now

info@norwichaccountacyservices.co.uk, 01603 630882

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