Tax Rates & Allowances

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Individuals

Personal 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 (£)	2024/25 (£)
Personal Allowances	£12,500	£12,500	£12,570	£12,570	£12,570
Minimum married couples allowance	£3,450	£3,510	£3,530	£4,010	£4,280
Maximum married couples allowance	£8,915	£9,075	£9,125	£10,375	£11,080
Marriage allowance	£1,250	£1,250	£1,260	£1,260	£1,260
Blind person's allowance	£2,450	£2,500	£2,520	£2,870	£3,070
Income limit for allowances for Married couple’s allowance	£29,600	£30,200	£30,400	£30,400	£37,000
Income limit for standard allowances	£100,000	£100,000	£100,000	£100,000	£100,000
Personal allowance removed completely at:	£125,000	£125,000	£125,140	£125,140	£125,140

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