Income Tax Reliefs and Tax Reducers
Personal Allowances
| 2020-2021 | 2019-2020 | |
|---|---|---|
| Under 65 | 12,500 | 12,500 |
| Aged 65 - 74* | 12,500 | 12,500 |
| Aged 75 and over* | 12,500 | 12,500 |
Personal allowances are reduced by £1.00 for every £2.00 of net income over £100,000
Married Couples Allowance (relief at 10%)*
| 2020-2021 | 2019-2020 | |
|---|---|---|
| Either partner 75 or over and born before 6 April 1935 | 9,075 | 8,915 |
| Min allowance @ 10% | 3,510 | 3,450 |
Blind Persons Allowance
| 2020/2021 | 2019/2020 |
|---|---|
| 2,500 | 2,450 |
If you have any questions or would like further information please call on 01527 433111 or 0121 289 4433
