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Income Tax Allowances
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Tax Tables
Income Tax Allowances, Reliefs and Credits
Personal allowance |
2027/28 |
2026/27 |
2025/26 |
2024/25 |
| Basic personal allowance | £12,570 | £12,570 | £12,570 | £12,570 |
| Income limit for personal allowance (allowance reduces by £1 for every £2 of income above limit) | £100,000 | £100,000 | £100,000 | £100,000 |
| Trading allowance (turnover limit below which no tax is paid on trading income) | £3,000 | £1,000 | £1,000 | £1,000 |
| Property allowance (gross rental income limit below which no tax is paid on rental income) | £1,000 | £1,000 | £1,000 | £1,000 |
Pensions tax allowance |
2027/28 |
2026/27 |
2025/26 |
2024/25 |
| Income limit for pensions tax allowance (allowance reduces by £1 for every £3 of income above limit) | £13,037 | N/A | N/A | N/A |
| Threshold at which full allowance is removed | £13,319 | N/A | N/A | N/A |
Marriage and civil partnership allowances |
2027/28 |
2026/27 |
2025/26 |
2024/25 |
| Marriage allowance transferable tax limit (born on or after 6 April 1935) | £1,260 | £1,260 | £1,260 | £1,260 |
| Married couple's allowance maximum (born before 6 April 1935) | £12,110 | £11,700 | £11,270 | £11,080 |
| Married couple's allowance minimum (born before 6 April 1935) | £4,690 | £4,530 | £4,360 | £4,280 |
| Income limit for married couple's allowance (allowance reduces by £1 for every £2 of income above limit) | £40,600 | £39,200 | £37,700 | £37,000 |
Personal savings allowance |
2027/28 |
2026/27 |
2025/26 |
2024/25 |
| Basic rate taxpayers | £1,000 | £1,000 | £1,000 | £1,000 |
| Higher rate taxpayers | £500 | £500 | £500 | £500 |
| Additional rate taxpayers | £0 | £0 | £0 | £0 |
Qualifying care relief |
2027/28 |
2026/27 |
2025/26 |
2024/25 |
| Annual fixed amount | £21,160 | £20,440 | £19,690 | £19,360 |
| Weekly amount - children under 11 years | £455 | £435 | £415 | £405 |
| Weekly amount - children 11 years or older | £535 | £515 | £495 | £485 |
| Weekly amount - adults | £535 | £515 | £495 | £485 |
Other income tax allowances |
2027/28 |
2026/27 |
2025/26 |
2024/25 |
| Blind person's allowance | £3,370 | £3,250 | £3,130 | £3,070 |
| Dividend allowance | £500 | £500 | £500 | £500 |
| Rent-a-room tax free home income (restricted to 50% if letting jointly) | £7,500 | £7,500 | £7,500 | £7,500 |
| Pre-owned assets de-minimis | £5,000 | £5,000 | £5,000 | £5,000 |
Investment reliefs |
2027/28 |
2026/27 |
2025/26 |
2024/25 |
Enterprise Investment Scheme (EIS) |
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| Maximum annual investment | £1,000,000 | £1,000,000 | £1,000,000 | £1,000,000 |
| Maximum annual investment - knowledge-intensive companies | £2,000,000 | £2,000,000 | £2,000,000 | £2,000,000 |
| Percentage of investment on which you can claim | 30% | 30% | 30% | 30% |
| Tax relief on income from dividends | No | No | No | No |
| Maximum capital gains relief on re-investment | 100% | 100% | 100% | 100% |
| Cap on re-investment amount | Unlimited | Unlimited | Unlimited | Unlimited |
Seed Enterprise Investment Scheme (SEIS) |
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| Maximum annual investment | £200,000 | £200,000 | £200,000 | £200,000 |
| Percentage of investment on which you can claim | 50% | 50% | 50% | 50% |
| Tax relief on income from dividends | No | No | No | No |
| Maximum capital gains relief on re-investment | 50% | 50% | 50% | 50% |
| Cap on re-investment amount | £100,000 | £100,000 | £100,000 | £100,000 |
Venture Capital Trust (VCT) |
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| Maximum annual investment | £200,000 | £200,000 | £200,000 | £200,000 |
| Percentage of investment on which you can claim | 20% | 20% | 30% | 30% |
| Tax relief on income from dividends | Yes | Yes | Yes | Yes |
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