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April 15. 2021

New Tax Year - New Personal Allowances

The 2021/2022 tax year brings an increase in personal allowances. The allowances in England and Wales are:


Once your taxable income goes above £100,000 your Personal Allowance is reduced down to zero and is completely gone for income over £125,140.

The Scottish Income Tax rates are:

Like England and Wales you do not get a Personal Allowance if you earn over £125,140. 

Once your taxable income goes above £100,000 your Personal Allowance is reduced down to zero and is completely gone for income over £125,140.

 
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