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Tax Rates and Allowances

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Individuals

Personal Allowances

The standard personal allowance is £12,570 for 2020/21, 2021/22 and 2022/23.

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:

2019/20 (£) 2020/21 (£)* 2021/22 (£) 2022/23 (£)
Personal Allowances £12,500 £12,500 £12,570 £12,570
Minimum married couples allowance £3,450 £3,510 £3,530 £3,530
Maximum married couples allowance £8,915 £9,075 £9,125 £9,125
Marriage allowance £1,250 £1,250 £1,260 £1,260
Blind person's allowance £2,450 £2,500 £2,520 £2,520
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.


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