Sizer & Co Accountants
 TAX INFO 

Personal Allowances


2016 to 2017 2015 to 2016 2014 to 2015 2013 to 2014
Personal Allowance for people born after 5 April 1948 £11,000 £10,600 £10,000 £9,440
Income limit for Personal Allowance £100,000 £100,000 £100,000 £100,000

The Personal Allowance goes down by £1 for every £2 of income above the £100,000 limit. It can go down to zero.

Personal Allowances for people born before 6 April 1948


2016 to 2017 2015 to 2016 2014 to 2015 2013 to 2014
Personal Allowance for people born between 6 April 1938 and 5 April 1948 £11,000 £10,600 £10,500 £10,500
Personal Allowance for people born before 6 April 1938 £11,000 £10,660 £10,660 £10,660
Income limit for Personal Allowance £27,700 £27,700 £27,000 £26,100

This Personal Allowance goes down by £1 for every £2 above the income limit. It won’t go below the standard Personal Allowance for that year. 

Before 2013 to 2014

Before the 2013 to 2014 tax year, the bigger Personal Allowance was based on age instead of date of birth.


2012 to 2013
Personal Allowance for people aged 65 to 74 £10,500
Personal Allowance for people aged 75 and over £10,660
Income limit for Personal Allowance £25,400

Other allowances


2016 to 2017 2015 to 2016 2014 to 2015 2013 to 2014
Married Couple's Allowance - maximum amount
£8,355 £8,355 £8,165 £7,915
Married Couple's Allowance - minimum amount £3,220 £3,220 £3,140 £3,040
Blind Person’s Allowance £2,290 £2,290 £2,230 £2,160

Taxable Income Bands & Rates

Band Rate Income after allowances 
2016 to 2017
Income after allowances 
2015 to 2016
Income after allowances 
2014 to 2015
Income after allowances 
2013 to 2014
Starting rate for savings 10% (0% from 2015 to 2016) Up to £5,000 Up to £5,000 Up to £2,880 Up to £2,790
Basic rate 20% Up to £32,000 Up to £31,785 Up to £31,865 Up to £32,010
Higher rate 40% £32,001 to £150,000 £31,786 to £150,000 £31,866 to £150,000 £32,011 to £150,000
Additional rate 45% Over £150,001 Over £150,001 Over £150,001 Over £150,001

Dividends
The following rates for tax on dividends apply from 6 April 2010 to 5 April 2016.

Band Dividend tax rates
Basic rate (and non-taxpayers) 10%
Higher rate 32.5%
Additional rate (from 6 April 2013) 37.5%
Additional rate (dividends paid before 6 April 2013) 42.5%

Tax on dividends from April 2016
From 6 April 2016 there is a new dividend allowance. You will not pay tax on the first £5,000 of dividends that you get in the tax year.
Above this allowance the tax you pay depends on which income tax band you are in. 

Tax band Tax rate on dividends over £5,000
Basic rate                      7.5%
Higher rate                      32.5%
Additional rate                      38.1%
Contains public sector information licensed under the Open Government Licence v1.0.