Tax Rates >> Income Tax Allowances

Income Tax Allowances

2013-14 2012-13
Personal allowance (1) £9,440 £8,105
Personal allowance for people aged 65-74 at the end of year assessment (1)(2) £10,500 £10,500
Personal allowance for people aged 75 and over at the end of the year of assessment (1)(2) £10,660 £10,660
Income limit for age-related allowances £26,100 £25,400
Married couples allowance - aged 75 or more (relief at 10%) (2) £7,915 £7,705
Minimum amount of married couples allowance £3,040 £2,960
Blind persons allowance £2,160 £2,100

(1) The personal allowance is reduced for individuals with a gross income before the allowance of £100,000. The allowance will be reduced by £1 for every £2 of gross income above the income limit up to a maximum reduction down to zero. This applies irrespective of age

(2) These allowances are reduced where the income is above the income limit by £1 for every £2 of income above the limit but will never be less than the personal allowance or minimum amount of married couple's allowance