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Income Tax Allowances

Income Tax Allowances

 

2011/12
£

2012/13
£

2013/14
£

Personal Allowance

  • under 65

7,475

8,105

n/a

 
  • born after 05/04/1948

n/a

n/a

9,440

 
  • 65 to 74 *

9,940

10,500

n/a

 
  • born between 06/04/1938 and 05/04/1948 *

n/a

n/a

10,500

 
  • 75 and over *

10,090

10,660

n/a

 
  • born before 06/04/1938 *

n/a

n/a

10,660

** Personal Allowance income limit

100,000

100,000

100,000

* Age-related Allowance income limit

24,000

25,400

n/a

* Age-related Allowance income limit
  born before 06/04/1948

n/a

n/a

26,100

Married Couple's Allowance
(relief at 10% tax credit)

  • 75 and over and born before 06/04/1935 *

7,295

7,705

7,915

 
  • minimum amount

2,800

2,960

3,0400

Blind Person's Allowance

1,980

2,100

2,160

* Reduce Personal Allowance by £1 for every £2 of income over income limit.
** Reduce Personal Allowance by £1 for every £2 of income over income limit (reduction applies irrespective of age).

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