Income tax allowances Rates 2020/21 2019/20 Personal allowance £12,500 £12,500 Income limit £100,000 £100,000 Transferable marriage allowance £1,250 £1,250 Married couple’s allowance (relief at 10%) Either partner born before 6.4.1935 £9,075 £8,915 Income limit £30,200 £29,600 Minimum where income exceeds limit £3,510 £3,450 Blind person’s allowance £2,500 £2,450 Dividend allowance £2,000 £2,000 Personal savings allowance Basic
Inheritance Tax Archives - Martax Accountants
November 9, 2018
HMRC considering reforming trusts that allow families to pay less inheritance tax
Hundreds of thousands of taxpayers could be affected by potential reforms of the financial arrangements that allow them to pass on their wealth.