Overview
- Households can combine the £5,000 starting rate for savers, £1,260 Marriage Allowance, £1,000 trading allowance, £7,500 rent‑a‑room relief and up to £2,000 per child Tax‑Free Childcare to shield roughly £16,000 from tax.
- Guidance includes moving savings to a lower‑earning partner to maximise the starting rate for savers, with eligibility dependent on income levels and household circumstances.
- The personal allowance remains £12,570 and tapers by £1 for every £2 of adjusted net income above £100,000, falling to zero at £125,140.
- The Institute for Fiscal Studies estimates the threshold freezes will raise about £39 billion a year by 2029–30, pushing more taxpayers into higher liabilities.
- With HMRC self‑assessment returns due tomorrow, many eligible people are not claiming reliefs, including around two million couples for Marriage Allowance and roughly 800,000 families for Tax‑Free Childcare.