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Tax-free personal allowance increased to £12,500

The basic personal allowance in the UK will be raised to £12,500 in 2019/20, HMRC has confirmed.

The new starting point threshold for PAYE is now £240 per week or £1,042 per month. This new bracket will be effective from the beginning of the new tax year on 6 April and the new emergency code for all employees is 1250L.

English and Northern Irish Rate % Bandwidth
Basic Rate 20% £1 to £37,500
Higher Rate 40% £37,501 to £150,000
Additional Rate 45% £150,001 and above

 

Scottish Rate % Bandwidth
Starter Rate 19% £1 to £2,049
Basic Rate 20% £2,050 to £12,444
Intermediate Rate 21% £12,445 to £30,930
Intermediate Rate 41% £30,931 to £150,000
Top Rate 46% £150,001 and above

 

Welsh Rate % Bandwidth
Basic Rate 20% £1 to £37,500
Higher Rate 40% £37,501 to £150,000
Additional Rate 45% £150,001 and above

Full guidance has been published on the government’s website.

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