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Tables Income
Tax Allowances, Reliefs and Credits
Income Tax Allowances, Reliefs and Credits
|
|
|
Personal allowance (minimum) |
5,435 |
5,225 |
Personal allowance (age 65-74) |
9,030 |
7,550 |
Personal allowance (age 75+) |
9,180 |
7,690 |
|
|
|
Blind Person's Allowance |
1,800 |
1,730 |
|
|
|
Rent-a-room tax free home income*
*restricted to £2,150 if letting jointly |
4,250 |
4,250 |
|
Married couples/Civil partnerships allowance (age under 75 and
born before 6th April 1935) |
6,535 |
6,285 |
Married couples/Civil partnerships allowance (age 75+) |
6,625 |
6,365 |
Married couples/Civil partnerships allowance (minimum) |
2,540 |
2,440 |
|
|
|
Age related reliefs abated by £1 for every £2
of income over |
21,800 |
20,900 |
|
|
|
Family element |
545 |
545 |
Family element baby addition |
545 |
545 |
Child element |
2,085 |
1,845 |
Disabled child element |
2,540 |
2,440 |
Severely disabled child element |
1,020 |
980 |
|
|
|
Basic element |
1,800 |
1,730 |
Couples & lone parent element |
1,770 |
1,700 |
30 hour element |
735 |
705 |
Disabled worker element |
2,405 |
2,310 |
Severe disability element |
1,020 |
980 |
50+ return to work payment (16-29 hours) |
1,235 |
1,185 |
50+ return to work payment (30+ hours) |
1,840 |
1,770 |
|
|
|
Maximum eligible cost for one child |
£175 per week |
£175 per week |
Maximum eligible cost for two or more children |
£300 per week |
£300 per week |
Percentage of eligible costs covered |
80% |
80% |
| |
|
|
First income threshold |
6,420 |
5,220 |
First income threshold for CTC only |
15,575 |
14,495 |
First withdrawal rate |
39% |
37% |
Second income threshold |
50,000 |
50,000 |
Second withdrawal rate |
6.67% |
6.67% |
Income increase disregarded |
25,000 |
25,000 |
|
|
|
Maximum Investment |
500,000 |
400,000 |
EIS capital gains re-investment |
Unlimited |
Unlimited |
|
|
|
Maximum Investment |
200,000 |
200,000 |
|
|
|
|
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