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Personal Allowance

What is the Personal Allowance?

UK taxpayers are entitled to earn an amount every year tax-free. Once their earnings go above this allowance they begin to pay income tax at different rates according to how much they earn across all their forms of income.

The current personal allowance rates are:

 2020/20212019/2020
Personal Allowance£12,500£12,500
Personal Allowance Income Limit£100,000£100,000