Tax Rates & Allowances 2014/15
Income Tax Reliefs
2014/15 |
2013/14 |
|
| Personal allowance | ||
| - born after 5 April 1948 | 10,000 | 9,440 |
| - born after 5 April 1938 and before 6 April 1948* | 10,500 | 10,500 |
| - born before 6 April 1938* | 10,660 | 10,660 |
| (Reduce personal allowance by £1 for every £2 of adjusted net income over £100,000.) | ||
| Married couple's allowance (relief at 10%)* (Either partner 75 or over and born before 6 April 1935.) |
8,165 | 7,915 |
| - min. amount | 3,140 | 3,040 |
| * Age allowance income limit (Reduce age allowance by £1 for every £2 of adjusted net income over £27,000 (£26,100).) |
27,000 | 26,100 |
| Blind person’s allowance | 2,230 | 2,160 |