91:
53:
couples where at least one person in the marriage (or civil partnership) was born before 6 April 1935. People earning over £100,000 a year have a smaller personal allowance. For every £2 earned above £100,000, £1 of the personal allowance is lost; meaning that incomes high enough will not have a personal allowance.
77:
This resulted in an anomalous effective 60% marginal tax rate in the income band between £100,000 and £112,950, with the marginal tax rate returning to 40% above £112,950. As the
Personal allowance has grown over the years, this has resulted in a corresponding increase in the size of the effective
141:
revised the plans to increase the
Personal Allowance and bring forward the date at which it would reach the £10,000 target. This resulted in the allowance being raised to £9,440 from April 2013, before being increased to £10,000 from April 2014, a year earlier than originally planned. All these
52:
does not pay income tax; otherwise, tax must be paid according to how much is earned above this level. Certain residents are entitled to a larger personal allowance than others. Such groups include: the over-65s (followed by a further increased allowance for over-75s), blind people, and married
73:
For every additional £100 earned, the
Personal allowance was reduced by £50, meaning that an additional £50 would be taxed at the marginal rate (40%), resulting an additional tax liability of £20, resulting in an effective additional 20% marginal taxation over and above the 40% tax already due.
142:
increases in the personal allowance came from rises in the personal tax. In 2016, Osborne determined that the tax increases no longer applied for personal allowance and decided to cut taxes personal taxes £1,000 less than the 2011 level when he increased the personal allowance to £11,500.
136:
which sought to increase the
Personal Allowance to £10,000 from April 2015 per Lib Dem policy, made the first increase of £1,000, making it £7,475 for the 2011-12 tax year. During the 2011 Budget, the allowance was raised by £630 to £8,105 from April 2012. In 2013,
69:
that starting in April 2010, those with annual incomes over £100,000 would see their
Personal allowance reduced by £1 for every £2 earned over £100,000, until the Personal allowance was reduced to zero, which (in 2010–11) would occur at an income of £112,950.
161:
overhauled the allowance and introduced the 10% allowance, which meant that all men had the same amount of money in their pocket, irrespective of highest tax rate. The allowance was scrapped from April 2000, first being announced in then-Chancellor
679:
125:. The allowance was raised significantly between 2010 and 2020, but has more recently fallen in real terms while (projected to 2027) remaining above the 2010 level.
48:
is levied on an individual's income. A person who receives less than their own personal allowance in taxable income (such as earnings and some benefits) in a given
616:
133:
851:
660:
687:
166:'s 1999 budget, with the exception of people married, or in civil partnerships (introduced in 2005) where one spouse was born before 6 April 1935.
17:
705:
153:
was the allowance for a legally married couple. The allowance was given at the man's highest rate of tax. During the early-1990s, then-
121:
The trajectory of the value of the personal allowance in recent years, both in real terms and relative to earnings, is recorded by the
1016:
991:
78:
marginal 60% tax band. As of 2024–25, the effective 60% marginal tax rate now arises for incomes between £100,000 and £125,140.
760:
822:
33:
953:
122:
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154:
102:
66:
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567:
1006:
985:
41:
8:
869:
778:
723:
62:
741:
927:
887:
901:
661:"Budget 2013: Personal tax allowance rise to £10,000 brought forward 12 months"
138:
129:
634:
1000:
158:
163:
90:
45:
979:
816:
814:
796:
779:"Economy: 1988 Budget (Lawson 5) | Margaret Thatcher Foundation"
811:
49:
902:"Budget 2020: What we already know about our changing finances"
852:"Income Tax rates and allowances for current and past years"
680:"Budget 2012: Hidden blow in raised personal tax allowance"
992:
Why you need to know about new
Personal Savings Allowance
759:
Whitehead, Tom; Hope, Christopher (1 January 2009).
706:"Budget 2013: Millions of workers get £100 tax cut"
585:
984:Detailed list of rates paid between 1972 - 2005:
954:"Rates and thresholds for employers 2021 to 2022"
998:
888:"Summary of Budget 2017: Key points at-a-glance"
27:Threshold above individual income tax in the UK
654:
652:
56:
890:. 22 November 2017 – via www.bbc.co.uk.
758:
986:Tax History- UK Historic Personal Tax Regime
658:
649:
617:"How does the Budget affect me? Income Tax"
761:"Married couples 'punished by tax system'"
699:
697:
145:
820:
980:Income Tax rates and Personal Allowances
928:"At-a-glance summary: Budget key points"
169:
846:
844:
694:
14:
999:
990:About the Personal Savings Allowance:
627:
61:On 22 April 2009, the then Chancellor
823:"2013 & 2014 Personal Allowances"
789:
724:"Osborne: Rise in tax-free allowance"
703:
841:
821:Collinson, Patrick (20 March 2013).
677:
614:
128:On 22 June 2010, the new Chancellor
85:
797:"Rates and Allowances - Income Tax"
742:"Gordon Brown: A decade of Budgets"
659:Dassanayake, Dion (20 March 2013).
24:
25:
1028:
972:
89:
946:
920:
894:
880:
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704:Mason, Rowena (20 March 2013).
635:"Emergency Budget 22 June 2010"
18:Married couple's allowance
1017:Taxation in the United Kingdom
752:
734:
716:
671:
608:
593:"Personal Allowance Over Time"
13:
1:
870:"Budget 2015: As it happened"
678:Hall, James (22 March 2012).
578:
123:Institute for Fiscal Studies
7:
561:
155:Chancellor of the Exchequer
57:Personal allowance tapering
10:
1033:
799:. HM Revenue & Customs
637:. HM Revenue & Customs
615:Wall, Emma (21 May 2010).
81:
573:Welsh Rates of Income Tax
179:
176:
783:www.margaretthatcher.org
686:. London. Archived from
978:UK Government website:
151:Married Man's allowance
146:Married Man's allowance
568:Income tax in Scotland
170:History of allowances
67:2009 Budget statement
765:The Daily Telegraph
710:The Daily Telegraph
684:The Daily Telegraph
621:The Daily Telegraph
101:. You can help by
38:personal allowance
956:. 2 February 2021
934:. 29 October 2018
690:on 23 March 2012.
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558:
132:, as part of the
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118:
65:announced in the
16:(Redirected from
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876:. 18 March 2015.
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748:. 18 March 2007.
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63:Alistair Darling
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1012:Personal taxes
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973:External links
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908:. 6 March 2020
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134:coalition deal
130:George Osborne
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110:December 2014
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97:This section
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34:UK tax system
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1007:Income taxes
958:. Retrieved
948:
936:. Retrieved
931:
922:
910:. Retrieved
905:
896:
882:
873:
864:
855:
831:. Retrieved
827:the guardian
826:
801:. Retrieved
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773:
764:
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745:
736:
727:
718:
709:
688:the original
683:
673:
664:
639:. Retrieved
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610:
597:. Retrieved
587:
191:Age over 75
185:Age under 65
164:Gordon Brown
150:
149:
127:
120:
107:
103:adding to it
98:
76:
72:
60:
44:above which
37:
31:
29:
1001:Categories
960:3 February
938:29 October
579:References
46:income tax
767:. London.
712:. London.
623:. London.
188:Age 65-74
42:threshold
932:BBC News
912:20 March
906:BBC News
874:BBC News
833:21 March
829:. London
746:BBC News
728:BBC News
562:See also
50:tax year
641:25 June
599:27 July
546:2021–26
532:2019–21
518:2018–19
504:2017–18
490:2016–17
476:2015–16
471:10,660
462:2014–15
457:10,660
448:2013–14
434:2012–13
420:2011–12
406:2010–11
392:2009–10
378:2008–09
364:2007–08
350:2006–07
336:2005–06
322:2004–05
308:2003–04
294:2002–03
280:2001–02
266:2000–01
252:1999–00
238:1998–99
224:1997–98
210:1996–97
196:1988-89
82:History
40:is the
32:In the
856:GOV.UK
803:30 May
549:12,570
535:12,500
521:11,850
507:11,500
493:11,000
479:10,600
468:10,500
465:10,000
454:10,500
595:. IFS
451:9,440
437:8,105
423:7,475
409:6,475
395:6,475
381:6,035
367:5,225
353:5,035
339:4,895
325:4,745
311:4,615
297:4,615
283:4,535
269:4,385
255:4,335
241:4,195
227:4,045
213:3,765
199:2,605
177:Year
962:2021
940:2018
914:2020
835:2013
805:2009
643:2010
605:>
601:2024
105:.
1003::
930:.
904:.
872:.
854:.
843:^
825:.
813:^
781:.
763:.
744:.
726:.
708:.
696:^
682:.
663:.
651:^
619:.
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157:,
36:,
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858:.
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785:.
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603:.
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112:)
108:(
20:)
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