Income tax allowances

2021/22

2020/21

2019/20

Personal allowances

Basic allowance

12,570

12,500

12,500

Income limit for personal allowance

100,000

100,000

100,000

Dividend allowance

£2,000

£2,000

£2,000

Marriage/civil partnership allowances

2021/22

2020/21

2019/20

Transferable tax limit

£1,260

£1,250

£1,250

Married couples/civil partnerships allowance maximum (born before 6 April 1935)

£9,125

£9,075

£8,915

Married couples/civil partnerships allowance maximum (born on/after 6 April 1935)

£3,530

£3,510

£3,450

Income limit for married couples/civil partnerships allowance

£30,400

£30,200

£29,600

Savings allowances

2021/22

2020/21

2019/20

Basic rate

£1,000

£1,000

£1,000

Higher rate

£500

£500

£500

Additional rate

£0

£0

£0

Other allowances

2021/22

2020/21

2019/20

Blind person’s allowance

£2,520

£2,500

£2,450

Rent-a-room tax free home income (restricted to £3,750 if letting jointly)

£7,500

7,500

£7,500

Pre-owned assets de-minimis

£5,000

£5,000

£5,000

Income tax – taxable bands

2021/22

2020/21

2019/20

Savings

0%

£0 – £5,000

£0 – £5,000

£0 – £5,000

Basic rate

20%

£0 – £37,700

£0 – £37,500

£0 – £37,500

Higher rate

40%

£37,701 – £150,000

£37,501 – £150,000

£37,501 – £150,000

Additional rate

45%

£150,001 +

£150,001 +

£150,001 +

Dividend rates

2021/22

2020/21

2019/20

Basic rate

7.5%

7.5%

7.5%

Higher rate

32.5%

32.5%

32.5%

Additional rate

38.1%

38.1%

38.1%

Discretionary and relevant property trusts

2021/22

2020/21

2019/20

Starting rate band

£1,000

£1,000

£1,000

Starting dividend rate

7.5%

7.5%

7.5%

Dividends above the starting rate

38.1%

38.1%

38.1%

Other income above the starting rate

45%

45%

45%

Interest in possession trusts

2021/22

2020/21

2019/20

UK dividends

7.5%

7.5%

7.5%

Savings, rent and trading

20%

20%

20%