Income Tax Reliefs
|Personal allowance||- under 65*||10,600||11,000|
|- 65 - 74 **||10,600||11,000|
|- 75 and over **||10,660||11,000|
allowance (MCA) (relief at 10%)
|- 75 and over and born before 06/04/1935**||8,355||8,355|
|- min. amount||3,220||3,220|
|**Age allowance income limit||Extra allowances reduced by 1/2 of income over||27,700||27,700|
|N.B. Personal allowance abates before MCA.|
|Blind person’s allowance||(surplus may be transferred to spouse/civil partner)||2,290||2,290|
* Basic personal allowance reduced by £1 for every £2 of income over £100,000. Therefore personal allowance lost completely at income of £122,000 (2015/16) or £121,200 (2014/15).
From 2015/16, married couples can transfer up to up to 10% of one spouse's personal allowance (PA) to the other where the transferor has taxable income below their PA and the other is a basic rate taxpayer. This option is not available where the transferee is a higher or additional rate taxpayer.
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