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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 (£)
Personal Allowances £12,500 £12,500 £12,570 £12,570
Minimum married couples allowance £3,510 £3,530 £3,640 £4,010
Maximum married couples allowance £9,075 £9,125 £9,415 £10,375
Marriage allowance £1,250 £1,260 £1,260 £1,260
Blind person's allowance £2,500 £2,520 £2,600 £2,870
Income limit for allowances for Married couple’s allowance £30,200 £30,400 £31,400 £31,400
Income limit for standard allowances £100,000 £100,000 £100,000 £100,000
Personal allowance removed completely at: £125,000 £125,140 £125,140 £125,140

*2020/21 figures were announced in the 2020 Spring Budget and are subject to enactment.

 

Charities & Not For Profit

We have been providing charity clients with high quality, specialist advice and service for many years, and our charity clients range from small village halls to large national organisations...

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Farming Industry

The largest industry sector that we deal with is farming, as you would expect in a rural practice. This means that we have developed considerable expertise in this field...

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