Home Page Link for Malcolm J. Greer - Chartered Certified Accountant and Registered Auditor. Regulated for a range of Investment Business Activities by the Association of Chartered Certified Accountants.
Income Tax Allowances
Income Tax Rates
National Insurance Contributions
Individual Savings Accounts
Capital Gains Tax
Corporation Tax
Car Benefit
Car Fuel Benefit
Tax-Free Mileage Allowances
Inheritance Tax
Stamp Taxes
Value Added Tax
Capital Allowances
Tax Credits
Registered Pension Schemes
Investment Reliefs
Fixed Rate Reductions: Unincorporated Businesses
Sponsorship
Key Facts

Income Tax Allowances

  2017/18 2016/17
Personal allowance
General 11,500 11,000
Income limit 100,000 100,000
Born before 6.4.1935 11,150 10,660
Age allowance income limit N/A 27,000
Minimum where income exceeds age limit (subject to general income limit) N/A 10,660
Transferable marriage allowance1 1,150 1,100
 
Married couple's allowance1 (reief at 10%)
Either partner born before 6.4.1935 8,445 8,355
Age allowance income limit 28,000 27,700
Minimum where income exceeds limit 3,260 3,220
 
Blind person's allowance 2,320 2,290
Trading allowance2 1,000 N/A
Property income allowance2 1,000 N/A
Dividend allowance 5,000 5,000
Personal savings allowance

Basic rate taxpayers
1,000
1,000
High rate taxpayers 500
500

1 Available for civil partners.
2 For 2017/18, profits are not charged to income tax where recipients do not exceed allowance.

 

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Malcolm J. Greer
3 Jesse Terrace, Reading, Berkshire, RG1 7RS
Tel: 01189 588535 ~ Fax: 0118 919 7778