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Otley: 01943855700  Mob: 07918167134  email: amy@bfandsl.co.uk

Work Smarter, Increase Profitability, Re-Invest Wisely

We’ll help you develop clear long, medium and short term goals for what you
want to achieve and develop a roadmap to get you there.

Tailored Advice For Your Business Needs

We act for a wide range of businesses and offer services and packages
ideally tailored to suit your requirements.

Individuals

Personal Allowances

The standard personal allowance is £11,850 for 2018/19. Autumn 2018 Budget announced that the allowance will rise to £12,500 from 6 April 2019.

The transferrable marriage allowance applies from 6 April 2015 to couples (married or civil partners) where neither person pays tax at the 40% or 45% rates. The spouse who cannot use all their personal allowance against their own income may opt to transfer 10% of their personal allowance to their spouse or civil partner.

The personal allowance is tapered away for individuals who have income over £100,000, at the rate of £1 for every £2 of income above that threshold.

The allowances for recent years are as follows:

2017/18 (£) 2018/19 (£) 2019/20 (£)
Personal Allowances 11,500 11,850 12,500
Minimum married couples allowance 3,260 3,360 3,450
Maximum married couples allowance 8,445 8,695 8,915
Marriage allowance 1,150 1,190 1,250
Blind person's allowance 2,320 2,390 2,450
Income limit for allowances for Married couple’s allowance 28,000 28,900 29,600
Income limit for standard allowances 100,000 100,000 100,000
Personal allowance removed completely at: 123,000 123,700 125,000
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All initial consultations are free of charge. We are here to help young and growing as well as established businesses to realise their full potential.

We believe that all entrepreneurs have an inherent genie which we try to help them realise to release.