* If an individual's taxable non-savings income exceeds the starting rate limit,
then the starting rate will not be available for savings income
For interest in possession trusts on all income, and other trusts on the first £1,000
of income ("standard rate band"):
dividend ordinary rate
Income of other trusts above £1,000 is taxed at the special trust rates:
rate applicable to trusts
dividend trust rate
Personal allowance (PA)
Born after 5 April 1948
Born between 6 April 1938 and 5 April 1948
Born before 6 April 1938
Blind person's allowance
Married couple's allowance (MCA)
Either partner born before 6 April 1935 (relief restricted to 10%)
Transferable tax allowance
For certain married couples and civil partners born after 5 April 1935 (relief 20%)
Venture Capital Trust (VCT) up to
Enterprise Investment Scheme (EIS) up to
Seed Enterprise Investment Scheme up to
Social Investment Tax Relief
Golden Handshake max.
Allowances for those born before 6 April 1938 (6 April 1948) are reduced by £1 for
each £2 of excess income over £27,700 (£27,000) until the basic allowance is reached.
Similar limits apply to the married couple's allowance. The reduction in allowance
is subject to a minimum level of £3,220. (For couples married before 5 December 2005,
only the husband's income is taken into account. For those married on or after 5
December 2005 or in a civil partnership, only the higher earner’s income is taken
The personal allowance, including the minimum age-related allowance, is reduced by
£1 for every £2 that adjusted net income exceeds £100,000 regardless of the individual's
date of birth.
Where there are several trusts created by the same settlor, the "standard rate band"
is divided equally between them, subject to a minimum band of £200 for each trust.
Available to spouses/civil partners born after 5 April 1935. The allowance is 10%
of the personal allowance for those born after 5 April 1938. It allows a spouse or
civil partner who is not liable to income tax above the basic rate to transfer this
amount of their personal allowance to their spouse/civil partner. The recipient must
not be liable to tax above the basic rate. The recipient is eligible to a tax reduction
at 20% of the transferred amount.