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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.
 
 
 
 
 

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