Cookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.
EJ Summers – Winner of Scottish Young Accountant of the Year Award
Want to pay less tax?
Sign up to our tax saving
newsletter
Individuals
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:
Minimum married couples allowance, Marriage allowance, Income limit for allowances for Married couple’s allowance, Personal allowance removed completely at:
| 2020/21 (£) | 2021/22 (£)* | 2022/23 (£) | 2023/24 (£) | 2024/25 (£) | |
| Personal Allowances | £12,500 | £12,500 | £12,570 | £12,570 | £12,570 |
| Minimum married couples allowance | £3,510 | £3,530 | £3,640 | £4,010 | £4,280 |
| Maximum married couples allowance | £9,075 | £9,125 | £9,415 | £10,375 | £11,080 |
| Marriage allowance | £1,250 | £1,260 | £1,260 | £1,260 | £1,260 |
| Blind person's allowance | £2,500 | £2,520 | £2,600 | £2,870 | £3,070 |
| Income limit for allowances for Married couple’s allowance | £29,600 | £30,200 | £30,400 | £30,400 | £37,000 |
| Income limit for standard allowances | £100,000 | £100,000 | £100,000 | £100,000 | £100,000 |
| Personal allowance removed completely at: | £125,000 | £125,000 | £125,140 | £125,140 | £125,140 |
