Income Tax Allowances, Reliefs and Credits| | | |
| Personal allowance (minimum) | 6,475 | 6,475 | Personal allowance (age 65-74) | 9,490 | 9,490 | Personal allowance (age 75+) | 9,640 | 9,640 | | | | Blind Person's Allowance | 1,890 | 1,890 | | | | Rent-a-room tax free home income*
*restricted to £2,125 if letting jointly | 4,250 | 4,250 | | Married couples/Civil partnerships allowance (age under 75 and born before 6th April 1935) | N/A | N/A | Married couples/Civil partnerships allowance (age 75+) | 6,965 | 6,965 | Married couples/Civil partnerships allowance (minimum) | 2,670 | 2,670 | Income limit for age-related allowances | 22,900 | 22,900 | | | | Family element | 545 | 545 | Family element baby addition | 545 | 545 | Child element | 2,300 | 2,235 | Disabled child element | 2,715 | 2,670 | Severely disabled child element | 1,095 | 1,075 | | | | Basic element | 1,920 | 1,890 | Couples & lone parent element | 1,890 | 1,860 | 30 hour element | 790 | 775 | Disabled worker element | 2,570 | 2,530 | Severe disability element | 1,095 | 1,075 | 50+ return to work payment (16-29 hours) | 1,320 | 1,300 | 50+ return to work payment (30+ hours) | 1,965 | 1,935 | | | | Maximum eligible cost for one child | £175 per week | £175 per week | Maximum eligible cost for two or more children | £300 per week | £300 per week | Percentage of eligible costs covered | 80% | 80% | | | | | First income threshold | 6,420 | 6,420 | First income threshold for CTC only | 16,190 | 16,040 | First withdrawal rate | 39% | 39% | Second income threshold | 50,000 | 50,000 | Second withdrawal rate | 6.67% | 6.67% | Income increase disregarded | 25,000 | 25,000 | | | | Maximum Investment | 500,000 | 500,000 | EIS capital gains re-investment | Unlimited | Unlimited | | | | Maximum Investment | 200,000 | 200,000 | |
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