Policy paper
Income Tax: personal allowance and basic rate limit for 2016 to 2017
This tax information and impact note affects Income Tax payers, employers and pension providers.
Documents
Details
This measure ensures that the personal allowance will be increased to £11,000 for 2016 to 2017 and to £11,200 in 2017 to 2018.
The basic rate limit will be increased to £32,000 for 2016 to 2017 and to £32,400 for 2017 to 2018.
As a result, the higher rate threshold will be £43,000 in 2016 to 2017 and £43,600 in 2017 to 2018.