(ITA 2007, s. 35–46)

(In-depth: ¶155-000ff.)

From 2016-17, there is one income tax personal allowance, currently £12,500 (2019-20) regardless of an individual’s date of birth.

At Summer Budget 2015 (later confirmed at Autumn Statement 2016), the Government committed to raising the personal allowance to £12,500 by the end of its Parliamentary term. At Autumn Budget 2018, it was announced that this commitment would be met in 2019-20, one year early and as a result the personal allowance for 2020-21 will also be £12,500.

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