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Personal allowances, reliefs and credits

All allowances and thresholds other than the basic personal allowance have been raised in line with statutory indexation. This means:-

  • the personal allowance is frozen at £4,615.
  • an increase in the level of age allowance from £6,100 to £6,610 (for those aged 65 – 74) and from £6,370 to £6,720 (for those aged 75 and over).
  • an increase in the level of income that a person can enjoy before age allowance is cut back. This figure has risen from £17,900 to £18,300.
  • the married couples allowance (MCA) for those aged between 65 and 74 (provided at least one spouse was aged 65 or over before 6 April 2000) will increase to £5,565, and for those aged 75 and over will increase to £5,635.
  • the standard MCA was of course withdrawn from 6 April 2000. In calculating the reduction in age allowance when income exceeds £18,300, the increased MCA is cut back to not less than £2,150 (the “minimum amount”).
  • tax relief for maintenance payments will be available only where at least one party was 65 or over at 5 April 2000. The relief is increased to £2,150.
  • relief in respect of the MCA and maintenance payments continues to be given as a tax credit at the rate of 10%.


No changes have been announced with regard to mortgage interest relief which was generally abolished from 6 April 2000.


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