Income Tax personal allowance for those born after 5 April 1938 for 2015 to 2016
This Tax Information and Impact Note is about Income Tax personal allowance for those born after 5 April 1938 for 2015 to 2016.
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For 2015 to 2016, the personal allowance for those born after 5 April 1938 will be further increased from 拢10,500 announced at Budget 2014 to 拢10,600. The 鈥榟igher rate threshold鈥� for 2015 to 2016 will also be increased to 拢42,385.