FOR ADVISERS ONLY

Income Tax Rates & Allowances (UK excluding Scotland)

Personal Allowances

 2019/202018/192017/18
Single person               £12,500 £11,850 £11,500
  • Since 2016/17, all individuals will be entitled to the same personal allowance, regardless of the individuals’ date of birth. 
  • From 6 April 2010, the personal allowances will reduce by £1 for every £2 of income above £100,000 until they are nil.

Income tax rates and taxable bands (UK excluding Scotland)

 2019/202018/192017/18
Basic tax rate 20% 20% 20%
Income taxed at
basic rate		 £37,500 £34,500 £33,500
Income taxed at higher rate
of 40% if income more than		 £37,500 plus personal  allowance £34,500 plus  personal allowance £33,500 plus personal allowance
Income taxed at additional rate
of 45% if income more than		 £150,0001  £150,0001  £150,0001


1 Personal allowance is reduced by £1 for every £2 earned over £100,000

2 Assumes the individual is in receipt of the standard UK personal allowance.

Last updated: 15 Jan 2019

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.