Personal Allowance

Employment Allowance

Please see below the personal allowances from 6 April 2015 (2015/16) onwards:

2015/16 2016/17 2017/18
£10,600 £10,800 11,000

Savings Income
From 6 April 2016 a basic rate taxpayer will be able to earn up to £1000 interest without suffering any income tax. A higher rate taxpayer can earn up to £500 interest without suffering any income tax. Additional rate taxpayers will not be entitled to the tax free interest.