Tax Rates & Allowances 2015/16

Income Tax Reliefs

 

2015/16
£

2014/15
£

Personal allowance
 - born after 5 April 1948 10,600** 10,000
 - born after 5 April 1938 and before 6 April 1948* 10,600** 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.)

**£1,060 may be transferable between certain spouses where neither pay tax above the basic rate.

Married couple's allowance (relief at 10%)*

(Either partner 75 or over and born before 6 April 1935.)

8,355 8,165
 - min. amount 3,220 3,140

*Age allowance income limit

(Reduce age allowance by £1 for every £2 of adjusted net income over £27,700 (£27,000).)

27,700 27,000
Blind person’s allowance 2,290 2,230