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Tax Rates & Allowances

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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 (£)
Personal Allowances£12,500£12,500£12,570£12,570
Minimum married couples allowance£3,450£3,510£3,530£4,010
Maximum married couples allowance£8,915£9,075£9,125£10,375
Marriage allowance£1,250£1,250£1,260£1,260
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.