Policy paper
Income Tax personal allowance for those born after 5 April 1948 and basic rate limit for 2015 to 2016
This Tax Information and Impact Note explains the increase to the personal allowance for those born after 5 April 1948 to £10,500 and the reduction of the basic rate limit to £31,785.
Documents
Details
The increase to the personal allowance delivers the government’s stated objective to support those on low and middle incomes and reward work