What was the tax code for 2015 16?
1060L
The 2015-16 tax code was 1060L and this will change to 1100L from 6th April 2016.
What is the tax free allowance for 2016 17?
Personal Allowances
| Allowance | 2015/16 | 2016/17 |
|---|---|---|
| Basic | £10,600 | £11,000 |
| People born between 6th April 1938 – 5th April 1948 | £10,600 | £11,000 |
| People born before 6th April 1938 | £10,600 | £11,000 |
| Married Couples Allowance ( if born before 6th April 1935) | £8,355 | £8,355 |
What is the tax free allowance for 2020 21?
£12,500
Personal Allowances
| Allowances | 2021 to 2022 | 2020 to 2021 |
|---|---|---|
| Personal Allowance | £12,570 | £12,500 |
| Income limit for Personal Allowance | £100,000 | £100,000 |
What was the personal allowance for 2015-16 tax year?
For 2015-16, section 2 of the Finance Act 2014 (FA14) sets the income tax personal allowance for those born after 5 April 1948 at £10,500 and the basic rate limit at £31,785. From 2015-16, the…
What is the UK tax code for 2015 / 16?
Tax codes for 2015/16 | TaxRebates.co.uk The 2015/16 tax year begins on 6th April 2015 and for most employees, the new standard tax code will be 1060L. This post explains what this tax code means and what to do if you think…
What’s the new tax free ISA limit for 2015-16?
You get a new annual Isa allowance of £15,240 in 2015-16. In 2015-16, you can make withdrawals from this year’s Isa and top it up back up again to the £15,240 limit without losing tax-free allowance. However, this rule won’t be introduced until autumn.
What is the personal allowance for people born after 5 April?
For 2015-16, the personal allowance for those born after 5 April 1938 will be further increased from £10,500 announced at Budget 2014 to £10,600. The ‘higher rate threshold’ for 2015-16 will also be increased to £42,385.