Policy paper
Income Tax personal allowance for those born after 5 April 1948 and basic rate limit for 2015 to 2016
This Tax Information and Impact Note explains the increase to the personal allowance for those born after 5 April 1948 to 拢10,500 and the reduction of the basic rate limit to 拢31,785.
Documents
Details
The increase to the personal allowance delivers the government鈥檚 stated objective to support those on low and middle incomes and reward work
Updates to this page
Published 19 March 2014