Tax Rates & AllowancesBack to Tax Rates & Allowances
The standard personal allowance has been frozen at £12,570 for all years from 2021/22 to 2027/28.
The transferrable marriage allowance applies from 6 April 2015 to couples (married or civil partners) where neither person pays tax at the 40% or 45% rates. The spouse who cannot use all their personal allowance against their own income may opt to transfer 10% of their personal allowance to their spouse or civil partner.
The personal allowance is tapered away for individuals who have income over £100,000, at the rate of £1 for every £2 of income above that threshold.
The allowances for recent years are as follows:
|2020/21 (£)||2021/22 (£)*||2022/23 (£)||2023/24 (£)|
|Minimum married couples allowance||£3,450||£3,510||£3,530||£4,010|
|Maximum married couples allowance||£8,915||£9,075||£9,125||£10,375|
|Blind person's allowance||£2,450||£2,500||£2,520||£2,870|
|Income limit for allowances for Married couple’s allowance||£29,600||£30,200||£30,400||£30,400|
|Income limit for standard allowances||£100,000||£100,000||£100,000||£100,000|
|Personal allowance removed completely at:||£125,000||£125,000||£125,140||£125,140|
*2020/21 figures were announced in the 2020 Spring Budget and are subject to enactment.