Tax Rates & Allowances 2014/15

Income Tax Reliefs

 

2014/15
£

2013/14
£

Personal allowance
 - born after 5 April 1948 10,000 9,440
 - born after 5 April 1938 and before 6 April 1948* 10,500 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.)
Married couple's allowance (relief at 10%)*
(Either partner 75 or over and born before 6 April 1935.)
8,165 7,915
 - min. amount 3,140 3,040
* Age allowance income limit
(Reduce age allowance by £1 for every £2 of adjusted net income over £27,000 (£26,100).)
27,000 26,100
Blind person’s allowance 2,230 2,160