Income Tax Reliefs and Tax Reducers

Personal Allowances

 2015/20162014/20152013/2014
Under 6510,60010,0009,440
Aged 65 - 74*10,60010,50010,500
Aged 75 and over*10,66010,66010,660

Personal allowances are reduced by £1.00 for every £2.00 of net income over £100,000

Married Couples Allowance (relief at 10%)*

 2015/20162014/20152013/2014
Either partner 75 or over and born before 6 April 19358,3558,1657,915
Min allowance @ 10%3,2203,1403,040

Blind Persons Allowance

2015/20162014/20152013/2014
2,2902,2302,160

*Age allowance income limit – Reduce age allowance by £1.00 for every £2.00 of excess income over £27,700.00

If you have any questions or would like further information please call on 01527 68235