The standard personal allowance is £11,850 for 2018/19. Autumn 2018 Budget announced that the allowance will rise to £12,500 from 6 April 2019.
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:
|2017/18 (£)||2018/19 (£)||2019/20 (£)|
|Minimum married couples allowance||3,260||3,360||3,450|
|Maximum married couples allowance||8,445||8,695||8,915|
|Blind person's allowance||2,320||2,390||2,450|
|Income limit for allowances for Married couple’s allowance||28,000||28,900||29,600|
|Income limit for standard allowances||100,000||100,000||100,000|
|Personal allowance removed completely at:||123,000||123,700||125,000|