Sizer & Co Accountants
 TAX INFO 


  INCOME TAX PERSONAL ALLOWANCES AND RELIEFS,  
      1990-91 TO 2018-19              
                           
                           
                           
    Non-aged allowances                  
                           
                           
                           
Financial       Married   Blind       Savings   Savings  
years   Personal   couple's (1)   person's (2)   Dividend   Basic rate   Higher rate  
                           
                           
1990-91   3,005   1,720   1,080   -   -   -  
1991-92   3,295   1,720   1,080   -   -   -  
1992-93   3,445   1,720   1,080   -   -   -  
1993-94   3,445   1,720   1,080   -   -   -  
1994-95   3,445   1,720 (4) 1,200   -   -   -  
1995-96   3,525   1,720 (5) 1,200   -   -   -  
1996-97   3,765   1,790 (5) 1,250   -   -   -  
1997-98   4,045   1,830 (5) 1,280   -   -   -  
1998-99   4,195   1,900 (5) 1,330   -   -   -  
1999-00   4,335   1,970 (6) 1,380   -   -   -  
2000-01   4,385   -   1,400   -   -   -  
2001-02   4,535   -   1,450   -   -   -  
2002-03   4,615   -   1,480   -   -   -  
2003-04   4,615   -   1,510   -   -   -  
2004-05   4,745   -   1,560   -   -   -  
2005-06   4,895   -   1,610   -   -   -  
2006-07   5,035   -   1,660   -   -   -  
2007-08   5,225   -   1,730   -   -   -  
2008-09   6,035   -   1,800   -   -   -  
2009-10   6,475   -   1,890   -   -   -  
2010-11   6,475 (8) -   1,890   -   -   -  
2011-12   7,475 (8) -   1,980   -   -   -  
2012-13   8,105 (8) -   2,100   -   -   -  
2013-14   9,440 (8) -   2,160   -   -   -  
2014-15   10,000 (8) -   2,230   -   -   -  
2015-16   10,600 (8) -   2,290   -   -   -  
2016-17   11,000 (8) -   2,290   5,000 (11) 1,000 (12) 500 (12)
2017-18   11,500 (8) -   2,320   5,000 (11) 1,000 (12) 500 (12)
2018-19   11,850 (8) -   2,390   2,000 (11) 1,000 (12) 500 (12)

    Aged allowances              
                     
                     
    Personal       Married couple's      
                     
                     
Financial                   Income
years   65-74   75+   65-74   75+   limit (3)
                     
                     
1990-91   3,670   3,820   2,145   2,185   12,300
1991-92   4,020   4,180   2,355   2,395   13,500
1992-93   4,200   4,370   2,465   2,505   14,200
1993-94   4,200   4,370   2,465   2,505   14,200
1994-95   4,200   4,370   2,665 (4) 2,705 (4) 14,200
1995-96   4,630   4,800   2,995 (5) 3,035 (5) 14,600
1996-97   4,910   5,090   3,115 (5) 3,155 (5) 15,200
1997-98   5,220   5,400   3,185 (5) 3,225 (5) 15,600
1998-99   5,410   5,600   3,305 (5) 3,345 (5) 16,200
1999-00   5,720   5,980   5,125 (6) 5,195 (6) 16,800
2000-01   5,790   6,050   5,185 (6,7) 5,255 (6,7) 17,000
2001-02   5,990   6,260   5,365 (6,7) 5,435 (6,7) 17,600
2002-03   6,100   6,370   5,465 (6,7) 5,535 (6,7) 17,900
2003-04   6,610   6,720   5,565 (6,7) 5,635 (6,7) 18,300
2004-05   6,830   6,950   5,725 (6,7) 5,795 (6,7) 18,900
2005-06   7,090   7,220   5,905 (6,7) 5,975 (6,7) 19,500
2006-07   7,280   7,420   6,065 (6,7) 6,135 (6,7) 20,100
2007-08   7,550   7,690   6,285 (6,7) 6,365 (6,7) 20,900
2008-09   9,030   9,180   6,535 (6,7) 6,625 (6,7) 21,800
2009-10   9,490   9,640   -   6,965 (6,7) 22,900
2010-11   9,490   9,640   -   6,965 (6,7) 22,900
2011-12   9,940   10,090   -   7,295 (6,7) 24,000
2012-13   10,500   10,660   -   7,705 (6,7) 25,400
2013-14   10,500 (9) 10,660 (10) -   7,915 (6,7) 26,100
2014-15   10,500 (9) 10,660 (10) -   8,165 (6,7) 27,000
2015-16   -   10,660 (10) -   8,355 (6,7) 27,700
2016-17   -   -   -   8,355 (6,7) 27,700
2017-18   -   -   -   8,445 (6,7) 28,000
2018-19   -   -   -   8,695 (6,7) 28,900

(1) Given in addition to the personal allowance to married couples.  The additional personal allowance and the widow's bereavement allowance have the same value as the
married couple's allowance.
(2) Married couples where both spouses are blind get double the single amount.                              
(3) Where an individual's income exceeds the income limit, their aged personal allowance is reduced by £1 for every £2 above the income limit, potentially down to the non
aged allowance level.
(4) Allowance available at a flat rate of 20%.                                      
(5) Allowance available at a flat rate of 15%.                                      
(6) Allowance available at a flat rate of 10%.                                      
(7) At least one of the partners must have been born before 6 April 1935.                              
(8) The Personal Allowance reduces where an individuals income is above £100,000 - by £1 for every £2 of income above the £100,000 limit. This reduction applies
irrespective of age or date of birth.
(9) Available to people born in the period 6 April 1938 to 5 April 1948.                                    
(10) Available to people born on or before 5 April 1938.                                    
(11) The Dividend Allowance, introduced for 2016-17, means that no tax is payable on the first £5,000 of dividend income, irrespective of the total amount of dividend and
non-dividend income received. The amount was reduced to £2,000 in 2018-19.
(12) The Personal Savings Allowance, introduced for 2016-17, provides for an amount of savings income to be received tax-free. The upper bound for the tax-free allowance
depends on the top marginal tax rate on an individual's total income; the threshold for higher rate taxpayers is half that for basic rate taxpayers and is set to £0 for additional
rate taxpayers. The effect of the Personal Allowance, Starting Rate and Personal Savings Allowance for 2016-17 is that an individual with total taxable income of £17,000 will 
pay no tax on savings income.

 

RATES OF INCOME TAX: 1990-91 TO 2018-19
           
                           
                           
    1990-91       1991-92       1992-93      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Lower rate                   1-2,000   20  
                           
Basic rate   1-20,700   25   1-23,700   25   2,001-23,700   25  
                           
Higher rate   Over 20,700   40   Over 23,700   40   Over 23,700   40  
                           
                           
    1993-94       1994-95       1995-96      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Lower rate   1-2,500   20   1-3,000   20   1-3,200   20  
                           
Basic rate   2,501-23,700   25 (3) 3,001-23,700   25 (3) 3,201-24,300   25 (3)
                           
Higher rate   Over 23,700   40   Over 23,700   40   Over 24,300   40  
                           
 
                         
    1996-97       1997-98       1998-99      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Lower rate   1-3,900   20   1-4,100   20   1-4,300   20  
                           
Basic rate   3,901-25,500   24 (4) 4,101-26,100   23 (4) 4,301-27,100   23 (4)
                           
Higher rate   Over 25,500   40   Over 26,100   40   Over 27,100   40  
                           
                           
    1999-2000       2000-01       2001-02      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Starting rate   1-1,500   10   1-1,520   10   1-1,880   10  
                           
Basic rate   1,501-28,000   23 (5) 1,521-28,400   22 (5) 1,881-29,400   22 (5)
                           
Higher rate   Over 28,000   40 (6) Over 28,400   40 (6) Over 29,400   40 (6)
                           
                           
    2002-03       2003-04       2004-05      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Starting rate   1-1,920   10   1-1,960   10   1-2,020.   10  
                           
Basic rate   1,921-29,900   22 (5) 1,961-30,500   22 (5) 2,021-31,400   22 (5)
                           
Higher rate   Over 29,900   40 (6) Over 30,500   40 (6) Over 31,400   40 (6)
                           
                           
    2005-06       2006-07       2007-08      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Starting rate   1-2.090   10   1-2,150   10   1-2,230   10  
                           
Basic rate   2,091-32,400   22 (5) 2,151-33,300   22 (5) 2,231-34,600   22 (5)
                           
Higher rate   Over 32,400   40 (6) Over 33,300   40 (6) Over 34,600   40 (6)
                           
                           
    2008-09       2009-10       2010-11      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Basic rate (7)   1-34,800   20 (8) 1-37,400   20 (8) 1-37,400   20 (8)
                           
Higher rate   Over 34,800   40 (6) Over 37,400   40 (6) Over 37,400   40 (6)
                           
Additional Rate   Not Applicable       Not Applicable       Over 150,000   50 (9)
                           
                           
    2011-12       2012-13       2013-14      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Basic rate (7)   1-35,000   20 (8) 1-34,370   20 (8) 1-32,010   20 (8)
                           
Higher rate   Over 35,000   40 (6) Over 34,370   40 (6) Over 32,010   40 (6)
                           
Additional Rate   Over 150,000   50 (9) Over 150,000   50 (9) Over 150,000   45 (10)
                           
                           
    2014-15       2015-16       2016-17      
                           
                           
    Bands of   Rate of   Bands of   Rate of   Bands of   Rate of  
    taxable income(1)   tax    taxable income(1)   tax    taxable income(1)   tax   
    £   %   £   %   £   %  
                           
                           
Basic rate (7)   1-31,865   20 (8) 1-31,785   20 (8) 1-32,000   20 (11)
                           
Higher rate   Over 31,865   40 (6) Over 31,785   40 (6) Over 32,000   40 (12)
                           
Additional Rate   Over 150,000   45 (10) Over 150,000   45 (10) Over 150,000   45 (13)
                           
                           
    2017-18       2018-19              
                           
                           
    Bands of   Rate of   Bands of   Rate of          
    taxable income(1)   tax    taxable income(1)   tax           
    £   %   £   %          
                           
                           
Basic rate (7)   1-33,500   20 (11) 1-34,500   20 (11)        
                           
Higher rate   Over 33,500   40 (12) Over 34,500   40 (12)        
                           
Additional Rate   Over 150,000   45 (13) Over 150,000   45 (13)        
                           
                           













(1) Taxable income is defined as gross income for income tax purposes less any allowances and reliefs available at the taxpayer's marginal rate.
(2) Applies to the income of discretionary and accumulation trusts. Prior to 1993-94 trusts paid tax at the basic rate, with an additional rate of 10%.
(3) The basic rate of tax on gross dividend income is 20%.                  
(4) The basic rate of tax on gross dividends and savings income is 20%.                
(5) The basic rate of tax on gross dividends is 10% and savings income is 20%.              
(6) The higher rate of tax on gross dividends is 32.5%.                    
(7) From 2008-09 the starting rate is abolished for all non-savings income (e.g. employment, self-employed trading profits, pensions and property income), which is the first slice of income to be charged to income tax. The starting rate and the starting rate limit for savings is shown in the table below.  Where taxable non-savings income does not fully occupy the starting rate limit the remainder of the starting rate limit is available for savings income.
(8) The basic rate of tax on gross dividends is 10%.                    
(9) The additional rate of tax on gross dividends is 42.5%.                  
(10) The additional rate of tax on gross dividends is 37.5%.                  
(11) The basic rate of tax on net dividends is 7.5%.                    
(12) The higher rate of tax on net dividends is 32.5%.                    
(13) The additional rate of tax on net dividends is 38.1%.                  
                           
Starting rate for savings income                      
Year   Band of    Rate of                  
    taxable income(1)   tax                   
    £   %                  
2008-09    2,320    10                  
2009-10    2,440    10                  
2010-11    2,440    10                  
2011-12    2,560    10                  
2012-13    2,710    10                  
2013-14    2,790    10                  
2014-15    2,880    10                  
2015-16    5,000    0                  
2016-17    5,000    0                  
2017-18    5,000    0                  
2018-19    5,000    0                  


Contains public sector information licensed under the Open Government Licence v1.0.