Tax Rates 2017-18
| Income Tax Allowances |
2016-17 |
2017-18 |
| Personal Allowance |
£11,000 |
£11,500 |
| Income limit for Personal Allowance |
£100,000 |
£100,000 |
| Income limit for Married couple’s allowance |
£27,700 |
£28,000 |
| Marriage allowance |
£1,100 |
£1,150 |
| Maximum Married Couple’s Allowance |
£8,355 |
£8,445 |
| Minimum amount of Married Couple’s Allowance |
£3,220 |
£3,260 |
| Dividend Allowance |
£5,000 |
£5,000 |
| Blind Person’s Allowance |
£2,290 |
£2,320 |
Income Tax Rates and Taxable Bands
|
|
2016-17 | 2017-18 |
|
ISA limit for savings |
£15,240 | £20,000 |
|
Basic rate: 20% |
£0 – £32,000 | £0 – £33,500 |
|
Higher rate: 40% |
£32,001 -£150,000 | £33,500 -£150,000 |
|
Additional rate: 45% |
> £150,000 | > £150,000 |
 |
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