Follow invidion on Twitter
 
 

Personal Allowance Calculator - work out the whether your personal allowance will be restricted.

 

Click here to launch the calculator

The purpose of this calculator is work out whether your personal allowance will be restricted due to the changes that came into effect on 06/04/2010.

 
From that date, the personal allowance will be restricted for those earning over £100,000 per annum. Anybody earning less than this will contain to receive the full allowance.
 
The levels of allowance are currently:
 
Aged Under 65:
£12,570.00
 
Aged 65-74:
£12,570.00
 
Aged 75 or over:
£12,570.00
 
 
For every £2 of income that exceeds £100,000, the personal allowance will be reduced by £1
 
For those earning £125,140 or more, the personal allowance will be reduced to zero and all income will be taxable.
 
The figures projected by this calculator are only for guidance purposes - whilst we aim to ensure the accuracy of our calculators, we can take no responsibility for the usage made of the calculations generated on this site.
 
 
 
 
 

Recent Financial Topics

 

Leaseholders claim the Budget's levy on developers will be inadequate to cover the cost of repairing buildings affected by the cladding crisis.

Leaseholders react to cladding tax in the Budget
27/10/2021 01:49 PM

From tomorrow, the company is offering investors the chance to sell their shares for 105p, a 9.2 per cent premium on their closing price yesterday, until lunchtime on November 29.

FirstGroup offers to buy up to £500m in shares from investors
27/10/2021 01:15 PM

The hospitality sector has broadly welcomed the Chancellor's alcohol duty reforms and business rate cuts are calling for further support as they navigate the recovery.

Pubs raise toast to Chancellor after he slashes beer tax
27/10/2021 12:27 PM