Policy paper

Income Tax personal allowance for those born after 5 April 1938 for 2015 to 2016

This Tax Information and Impact Note is about Income Tax personal allowance for those born after 5 April 1938 for 2015 to 2016.

Document

Income Tax personal allowance for those born after 5 April 1938 for 2015 to 2016

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Details

For 2015 to 2016, the personal allowance for those born after 5 April 1938 will be further increased from £10,500 announced at Budget 2014 to £10,600. The ‘higher rate threshold’ for 2015 to 2016 will also be increased to £42,385.

Published 10 December 2014