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Income tax — Personal allowances

Allowances 2024/25 2023/24
Personal allowance 1, 2 £12,570 £12,570
Married couple’s allowances
Transferrable allowance 3 £1,260 £1,260
Age related allowance 4
- maximum amount £11,080 £10,375
- minimum amount £4,280 £4,010
  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of age or date of birth, this allowance is reduced by £1 for every £2 of income over £100,000, until completely withdrawn, leading to a marginal tax rate of 60% for UK resident taxpayers on income in the band from £100,000 to £125,140.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.
  4. Available to those born before 6 April 1935. Tax relief for this allowance is restricted to 10% and the allowance is reduced by £1 for every £2 of income over £37,000 (2023/24 — £34,600) subject to the minimum allowance. The married couple’s allowance is reduced after the personal allowance.