3 Autumn Budget | 30 October 2024 Main personal allowances and reliefs 2025/26 2024/25 Personal allowance1 £12,570 £12,570 Married couple’s / civil partners’ transferable allowance £1,260 £1,260 Married couple’s / civil partners’ allowance at 10%2 (if at least one born before 6/4/35) maximum £11,270 £11,080 minimum £4,360 £4,280 Blind person’s allowance £3,130 £3,070 Rent-a-room relief £7,500 £7,500 Property allowance and trading allowance (each) £1,000 £1,000 1. Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000. 2. Reduced by £1 for every £2 of adjusted net income over £37,700 (£37,000 for 2024/25), until the minimum is reached. Income tax rates and bands 2025/26 2024/25 UK taxpayers excluding Scottish taxpayers’ non-dividend, non-savings income 20% basic rate on taxable income up to £37,700 £37,700 40% higher rate on next slice over £37,700 £37,700 45% additional rate on income over £125,140 £125,140 All UK taxpayers Starting rate at 0% on band of savings income up to3 £5,000 £5,000 Personal savings allowance at 0%: basic rate taxpayers £1,000 £1,000 higher rate taxpayers £500 £500 additional rate taxpayers £0 £0 Dividend allowance at 0% tax – all individuals £500 £500 Tax rates on dividend income: basic rate taxpayers 8.75% 8.75% higher rate taxpayers 33.75% 33.75% additional rate taxpayers 39.35% 39.35% 3. Not available if taxable non-savings income exceeds the starting rate band. Scottish taxpayers’ non-dividend, non-savings income 2025/26 2024/25 19% starter rate on taxable income up to TBA £2,306 20% basic rate on next slice up to TBA £13,991 21% intermediate rate on next slice up to TBA £31,092 42% higher rate on next slice up to TBA £62,430 45% advanced rate on next slice up to TBA £125,140 48% top rate on income over TBA £125,140 Trusts 2025/26 2024/25 Income exemption generally £500 £500 Dividends (rate applicable to trusts) 39.35% 39.35% Other income (rate applicable to trusts) 45% 45% High income child benefit charge: 1% of benefit per £200 adjusted net income of £60,000–£80,000. Personal taxation
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