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  2. The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on. Your Personal Allowance may be bigger if you claim Marriage Allowance or Blind Person’s...

  3. Personal Allowance. You’ll get a Personal Allowance of tax-free UK income each year if any of the following apply: you’re a British citizen. you’re a citizen of a European Economic Area ( EEA)...

  4. Everyone, including students, has something called a Personal Allowance. This is the amount of money you’re allowed to earn each tax year before you start paying Income Tax. For the 2024/25 tax year, the Personal Allowance is £12,570. If you earn less than this, you usually won’t have to pay any Income Tax.

  5. If you live in England, Wales or Northern Ireland there are three income tax bands and rates above the tax-free personal allowance; the basic rate (20%), the higher rate (40%), and the additional rate (45%). The rate you pay depends on the portion of your taxable income that fits into the tax bands.

  6. In this guide, we explain the main tax-free allowances – from the £12,570 personal allowance to the £500 dividend allowance (now reduced from £1,000) if you hold shares or funds. Need help with your tax return?

  7. Apr 5, 2024 · Most people in the UK have a £12,570 tax-free personal allowance. If you live in England, Wales or Northern Ireland there are three income tax bands and rates above the tax-free personal allowance that apply depending on your income; the basic rate (20% on taxable income between £12,571 and £50,270),

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