Income Tax Allowances

 

Allowances 2016-17 (£) 2015-16 (£)
Personal Allowance for people born after 5 April 1948 11,000 10,600
Personal Allowance for people born between 6 April 1938 and 5 April 1948 11,000 10,600
Personal Allowance for people born before 6 April 1938 11,000 10,660
Income limit for Personal Allowance 100,000 100,000
Maximum amount of married couple's allowance 8,355 8,355
Minimum amount of married couple's allowance 3,220 3,220
Blind person's allowance 2,290 2,290
 
  • The Personal Allowance goes down by £1 for every £2 of income above the £100,000 limit. It can go down to zero.
  • This Personal Allowance goes down by £1 for every £2 above the income limit. It won't go below the standard Personal Allowance for that year. There's more guidance about Personal Allowances for people born before 6 April 1948 and pre 6 April 1938.

 

Next Step:

 

Please contact us if you need further advice, have any questions about our services, would like a free consultation.

Speak to us today. Call: 0333 5775 332 or Email: info@account-direct.com

 

 

Limited company
sole trader
start ups and small businesses
Contractors
Free guides
Calculators