For those born after 5 April 1938 the personal allowance will be increased to £10,600. For those born before 6 April 1938 the personal allowance remains at £10,660.
The reduction in the personal allowance for those with ‘adjusted net income’ over £100,000 will continue. The reduction is £1 for every £2 of income above £100,000. So for 2015/16 there is no personal allowance where adjusted net income exceeds £121,200.
Fiscal Drag: What It Is and How to Reduce Its Impact in 2026 With UK income tax thresholds now frozen until at least the 2030/31 tax year, many individuals are
Christmas Gifts and Tax: An Actionable Guide for Businesses 2025/26 As the festive season rolls around, many business owners are looking for ways to show appreciation to their teams, clients
Protecting Value and Planning Ahead for 2026 and beyond: A Case Study At IN Accountancy, we support business owners through every stage of their journey, from managing risk and achieving
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