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 £10,500 and the reduction of the basic rate limit to £31,785.
Documents
Details
The increase to the personal allowance delivers the government’s stated objective to support those on low and middle incomes and reward work
Updates to this page
Published 19 March 2014