Tax Rates & Allowances 2015/16
Income Tax Reliefs
2015/16 |
2014/15 |
|
| Personal allowance | ||
| - born after 5 April 1948 | 10,600** | 10,000 |
| - born after 5 April 1938 and before 6 April 1948* | 10,600** | 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.) **£1,060 may be transferable between certain spouses where neither pay tax above the basic rate. |
||
Married couple's allowance (relief at 10%)* (Either partner 75 or over and born before 6 April 1935.) |
8,355 | 8,165 |
| - min. amount | 3,220 | 3,140 |
*Age allowance income limit (Reduce age allowance by £1 for every £2 of adjusted net income over £27,700 (£27,000).) |
27,700 | 27,000 |
| Blind person’s allowance | 2,290 | 2,230 |