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Income tax — Personal allowances

Allowances 2022/23 2021/22
Personal allowance 1, 2 £12,570 £12,570
Married couple’s allowances
Transferrable allowance 3 £1,260 £1,260
Age related allowance 4, 5
- maximum amount £9,415 £9,125
- minimum amount £3,640 £3,530
  1. The personal allowance will remain frozen at £12,570 until April 2028.
  2. Irrespective of age or date of birth, this allowance is reduced by £1 for every £2 of income over £100,000, until completely withdrawn, leading to a marginal tax rate of 60% for UK resident taxpayers on income in the band from £100,000 to £125,140.
  3. A spouse or civil partner is entitled to transfer up to 10% of their personal allowance to their spouse or civil partner, provided neither partner is a higher or additional rate taxpayer, and neither was born before 6 April 1935. The allowance will be uprated by 10.1% from 6 April 2023.
  4. Available to those born before 6 April 1935. The allowance will be uprated by 10.1% from 6 April 2023.
  5. Tax relief for this allowance is restricted to 10% and the allowance is reduced by £1 for every £2 of income over £31,400 (2021/22 — £30,400) subject to the minimum allowance. The married couple’s allowance is reduced after the personal allowance.